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Capio widens loss in Q3 2018.

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NORDIC BUSINESS REPORT-October 31, 2018-Capio widens loss in Q3 2018

(C)2018 M2 COMMUNICATIONS http://www.m2.com

Capio AB (STO:CAPIO), a pan-European healthcare provider, on Tuesday reported loss of SEK54m, or SEK0.36 per diluted share, in the third quarter of 2018, from July 2018 to September 2018.

This was a decline over loss of SEK7m, or SEK0.03 per share, in Q3 2017.

Net sales for the quarter were SEK3,816m, up by 10.4% as compared with SEK3,455m in Q3 2017. Organic sales growth was 2.1%.

On 8 October 2018, Ramsay Generale de Sante (Ramsay GdS) increased its public cash offer to the shareholders in Capio to SEK58 per share. On 10 October 2018, Ramsay GdS announced that the acceptance level condition was lowered to 75%.

Following this increased offer and the lower acceptance level, Capio's board of directors on 10 October 2018 announced its unanimous recommendation to the Capio shareholders to accept the increased offer.

As a result, Capio's board also decided to withdraw its proposal regarding the sale of Capio France and consequently cancelled the extraordinary general meeting to resolve on...

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