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Cleopatra Hospital submits binding offer to acquire Nozha Hosptial- FRA

Cleopatra Hospital submits binding offer to acquire Nozha Hosptial- FRA

ArabFinance: Financial Regulatory Authority (FRA) announced on January 17, 2018, Cleopatra Hospital Group S.A.E. (CLHO) submitted a binding purchasing offer to acquire 7,200,000 stocks that represent 100% of Nozha International Hospital (NINH) at LE90 per share, according to second volume's provisions of market capital regulations number 95 of 1992. FRA added the offer will be reviewed.

It is worth to mention, the Cleopatra Hospital board has approved on January 16, 2018, the acquisition deal and mandating the chairman, Mohamed Tarek, and Managing Director Ahmed Ezz-Eldin jointly or severally to be responsible for all acquisition measures. 

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