KUALA LUMPUR: Sime Darby Holdings Bhd has confirmed that Sime Darby Holdings Bhd and Ramsay Health Care Ltd have received a confidential, conditional and non-binding proposal from IHH Healthcare to acquire 100% of their 50:50 joint venture Ramsay Sime Darby Health Care Sdn Bhd.

       In a filing with Bursa Malaysia, Sime Darby said the conditional indicative enterprise value for the JV is RM5.67bil or US$1.35bil on a cash-free, debt-free basis.

       "Having reviewed the Indicative Proposal, SDH and Ramsay SDH have agreed to a period of exclusivity for four weeks when due diligence commences to allow IHH to conduct due diligence and negotiate a sale and purchase agreement.

       The discussions between SDH, Ramsay and IHH are preliminary and no agreement has been reached in relation to the Indicative Proposal.

       "There is no guarantee that an agreement will be reached in respect of the Indicative Proposal or that a transaction will eventuate," it said.