TPG (TPG) has filed a confidential application to list hospital assets worth nearly $8 billion in Malaysia, The Wall Street Journal reported Wednesday, citing people familiar with the matter.
The offering could generate up to $2.5 billion, the unnamed sources told the publication. The offering and listing are reportedly expected to occur in early January.
The firm is also likely to launch a sale process for the same hospital assets as part of a dual-track plan, with the process potentially commencing as early as October, according to the report.
TPG didn't immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)