GIC Pte. Ltd. is in talks to buy stake in Rede D'Or São Luiz S.A. from Moll family and BTG Pactual Group (BOVESPA:BBTG11) worth up to $980 million, according people with knowledge of the matter. The people added that GIC may acquire as much as 14% and could announce a deal for the stake within a month.

Bloomberg stated that spokesmen for GIC, BTG Pactual, Rede D'Or and the Moll family declined to comment.