Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt, Bahrain explore deeper cooperation on water resource management    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    African trade ministers meet in Cairo to push forward with AfCFTA    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's gold prices hold steady on Sep. 15th    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Tawasol, LimeVest join race to acquire Egypt's Alexandria Medical Services
Published in Amwal Al Ghad on 22 - 06 - 2021

A consortium of Tawasol Holdings and LimeVest has joined the race for Egypt's Alexandria Medical Services (ANMC), the Egypt's market regulator announced on Monday. The consortium's offer values the company at more than 740 million Egyptian pounds ($47.1 million).
According to Egypt's Financial Regulatory Authority (FRA), Tawasol and LimeVest have submitted a request to go ahead with a mandatory tender offer to acquire 74.08 percent stake in ANMC for 52 pounds per share.
Abu Dhabi Commercial Bank (ADCB) is the main shareholder of ANMC, and is looking to exit its 51.5 percent stake.
Tawasol already has a 26 percent stake in ANMC, and the acquisition would give the consortium 100 percent ownership.
Who are the other bidders?
This is higher than the bid submitted by Tana Africa's TAT Medical Services, as it offered 49.04 pounds per share earlier this month to acquire ANMC.
The Tawasol-LimeVest bid came a few days after Yas Holding, the parent company of the UAE's Global One Healthcare Holding, offered 47.98 pounds per share for at least 51 percent of ANMC.
There are other bidders in this race, including Cleopatra Hospital, which is offering 38.53 pounds per share, as well as Nile Scan and healthcare investment firm Seha Capital.
In May, Speed Medical withdrew from the Tawasol-LimeVest consortium, , which had previously offered 38.09 pounds per share last April for 100 percent of ANMC.


Clic here to read the story from its source.