José de Mello Group takes on loan from Bank of China

25 March 2020

Portuguese healthcare group José de Mello Saúde, which owns the private CUF hospitals and clinics has signed a financing agreement with the Bank of China in the amount of €33 million, according to a filing with the Portuguese Capital Markets Commission (CMVM).

This four-year loan was sued to pay down a loan of €30 million taken on in October 2017 with a maturity of around three years.

“With this operation, José de Mello Saúde continues with its financial strategy focused on reducing refinancing risk, diversification of sources of financing and extending the maturity of its debt,” the statement said.

Banco Invest advised José de Mello Saúde in this operation. (macauhub)