Poland’s MCI Capital Healthcare Partners has acquired 23 percent of the Cairo-listed Cleopatra Hospitals Group for 5 Egyptian pounds per share, in a 1.83 billion Egyptian pounds ($117 million) deal.
This followed the earlier agreement between the subsidiary of private equity firm MCI and the bidding company pledging to offer between 8 and 12 percent of the company’s shares, Asharq reported.
Under the terms of the agreement, Cleopatra, which manages six private hospitals and three clinics, sold 1.12 percent of its shares, which were held as treasury shares.
Read more/Source: Arab News
