Spire Healthcare surges as Narayana Health said to be in talks over stake

(Sharecast News) - Spire Healthcare jumped to the top of the FTSE 250 on Friday following a report that India's Narayana Health is in talks with the company's shareholders about buying a controlling stake.

The Economic Times cited people familiar with the matter as saying that Narayana plans to buy at least 51% of Spire via an open offer. It also said that if Narayana manages to buy around 75%, it may consider taking the company private.

At 0845 GMT, the shares were up 9.3% at 240p.