Arab Finance: Tawasol Holding and LimeVest Partners for Healthcare acquired a 70.44% stake in Alexandria New Medical Center (Alex NMC) (AMES) in consideration of EGP 535.428 million, according to two disclosures filed to the Egyptian Exchange (EGX) on Sunday.
LimeVest Partners acquired a 61.63% stake in Alex NMC for EGP 468.178 million.
Tawasol Holding increased its stake in the company from 25.92% to 34.73% for EGP 67.25 million.
On September 20th, the Financial Regulatory Authority (FRA) received a request from the consortium comprised LimeVest Partners and Tawasol Holdings to amend the offered price for the mandatory purchase offer (MTO) of Alex NMC to EGP 49 per share, instead of EGP 47.67.
Alex NMC is an Egypt-based public shareholding company engaged in providing medical diagnostic and treatment services in various medical fields.
The company focuses on hospital operations, consisting of a range of medical specializations, including gynecology, general surgery, and pediatrics.