CVC, KKR, Macquarie Make Binding Offers for Luz Saude Stake (1)

CVC Capital Partners Plc, KKR & Co. and Macquarie Group Ltd. have submitted binding offers for a minority stake in Portuguese hospital operator Luz Saude SA, with a final decision set to take place in the coming days.

Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by Chinese conglomerate Fosun International Ltd., is considering all three offers and will pick a buyer soon, according to a company spokesman. Representatives for KKR and CVC, didn’t immediately respond to requests for comment on the deal, while a Macquarie spokesperson declined to comment.

The Lisbon-based insurer is set to sell about 40% ...