Fidelidade Said to Seek €1 Billion Value in Luz Saude Stake Sale

Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by Fosun International Ltd., is seeking a valuation of more than €1 billion ($1.1 billion) for Luz Saude in the sale of a minority stake in the hospital unit, according to people familiar with the matter.

The company has recently sent invitation letters to more than a dozen potential investors, said the people, who asked not to be identified because the discussions are private. Private equity firms including KKR & Co. and Macquarie Group Ltd. are among those being approached, the people said. Abu Dhabi-based PureHealth Holding PJSC was also ...