Cairo - Mubasher: International Company for Medical Industries’ (ICMI) announced that it finished off acquiring 45.4% stake in Alfa Medical company.
Earlier, ICMI's board approved to buy 2.44 million shares of Alfa Medical for EGP 2 per share, with total value of EGP 4.88 million.
ICMI saw net profits of EGP 164,000 in the first half of 2015, up by 2.5%.
The drug firm is capitalised at EGP 12 million, distributed across 12 million shares at EGP 1 par value each.
