ICMI shelves acquisition of medical clothes company’s shares

Updated 5/10/2022 12:01:00 PM

ArabFinanceInternational Company for Medical Industries (ICMI) has announced that it will not buy the shares of the medical clothes company with which ICMI signed a non-binding letter of intent (LOI) in March, according to a filing to the Egyptian Exchange (EGX) on Tuesday.

ICMI said that it will consider buying the medical clothes company’s assets of operation machines.

Established in 2004, ICMI operates within the health care equipment and services sector focusing on health care equipment.

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