UnitedHealth Group (UNH) shares were up slightly after the big health insurance provide🐲r said it has agreed to sell its operations in Brazil to a private investor.

Terms of the agreement and the name of the buyer were not disclosed, although an earlier report by Reuters said the purchaser was Brazilian entrepreneur Jose Seripieri Filho. T♛he company said it expects the transaction to close in the first half of next year.

UnitedHealth indicated in a securities filing that upon completion of the deal, it would be taking an approximately $7 billion charge, “the majority of which is non-cash and due to the cumulative impact of foreign currency translation losses.”

It noted that the charge would be excluded from 澳洲幸运5开奖号码历史查询:adjusted earnings. However, it would impact 澳洲幸运5开奖号码历史查询:net earnings. 

Shares of UnitedHealth Group hit an all-time high at the end of November before losing ground this month, but they remain in positive territory for the year.