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Australia’s Ramsay Health Care Ltd said on Thursday it received an alternate proposal from a group led by KKR & Co, which includes an option for Ramsay shareholders to retain a majority stake in 52%-owned Ramsay Generale De Sante.

The offer is an alternate option to the near $15 billion unsolicited takeover offer made by the group in April. (Reporting by Sameer Manekar in Bengaluru Editing by Dhanya Ann Thoppil)