Private hospital operator Life Healthcare will distribute the proceeds of the sale of its interest in UK-based Alliance Medical Group (AMG) to shareholders by way of a special dividend of R6 per share.

The gross amount received from the transaction was £845.9m (about R20.7bn), it said on Wednesday. Besides the payout, international debt of £382.6m was settled and transaction-related costs of £28.4m paid. The balance of R10.2bn was repaid to the SA holding company after settling hedging costs of R112m...

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