Cinven To Sell 15% Stake In SYNLAB To Labcorp For €140M
Portfolio Pulse from Benzinga Newsdesk
Cinven is selling a 15% indirect minority stake in SYNLAB to Labcorp for €140 million. Labcorp, a US-based leader in laboratory services, will join the holding company board with Cinven and other co-investors.
September 17, 2024 | 11:50 am
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Labcorp is acquiring a 15% indirect minority stake in SYNLAB for €140 million, enhancing its presence in the European diagnostic market. This strategic move includes board representation, potentially boosting Labcorp's influence and market reach.
The acquisition of a stake in SYNLAB allows Labcorp to expand its influence in the European market, which is likely to be viewed positively by investors. The board representation further solidifies its strategic position, suggesting potential growth and increased market presence.
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