MCI Capital submits offer to acquire 26% stake in Cleopatra Hospitals

MCI Capital submits offer to acquire 26% stake in Cleopatra Hospitals

Cairo - Mubasher: MCI Capital Healthcare Partners for Medical Care has submitted an optional purchase offer to acquire a 26.21% stake in Cleopatra Hospitals Group (CHG), the Financial Regulatory Authority (FRA) announced. Under the purchase offer, MCI Capital seeks to acquire 419.34 million shares in CHG at a price of EGP 5 per share, according to a bourse filing on Wednesday. Hence, Care Healthcare, a 37.87% subsidiary of CHG, has signed an agreement with MCI Capital to offer a minimum of 125.96 million shares, accounting for 7.87% of CHG, and a maximum of 192 million shares, representing 21% of the company's capital. This transaction is subject to the approval of FRA. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. ( Syndigate.info ). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or