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AXA Mansard Insurance Plc Notifies of Proposed Investment Partnership with IFC

Proshare

Wednesday, April 12, 2017/ 4:57 PM /NSE

We wish to inform the Exchange that AXA Mansard Insurance Plc (AXA Mansard) is in the process of partnering with International Finance Corporation (IFC), a member of the World Bank Group and a couple of other Companies on the possibility of investing in a hospital project.

The proposed investment is a greenfield integrated medical facility comprising of a 150-bed multi-specialty hospital and two 10-bed primary health centres/polyclinics.

The Project once approved will be managed and operated by Healthshare Health Solutions Ltd (“Healthshare”), an experienced hospital management company with headquarters in South Africa.

AXA Mansard and IFC are still at the preliminary stage of discussions and their Boards are yet to pass final resolutions approving the investment.

 

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