FRA rejects Cleopatra Hospital’s offer to fully acquire Nozha Hospital

Cairo – Mubasher: The Financial Regulatory Authority (FRA) has dismissed Cleopatra Hospital Co’s mandatory tender offer (MTO) to acquire a 100% stake in Nozha International Hospital.

Cleopatra Hospital had previously requested to buy the 7.2 million shares of Nozha International Hospital, according to a statement by the Egyptian Exchange (EGX).

In January, Cleopatra Hospital's board of directors had submitted an offer to buy a 100% stake in Nozha International Hospital

Mubasher Contribution Time: 13-Jun-2018 11:21 (GMT)
Mubasher Last Update Time: 13-Jun-2018 11:37 (GMT)

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