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FRA is considering an offer from MCI to acquire a stake in Cleopatra Hospitals

The Financial Regulatory Authority clarified that it received today a notification from “Care Health Care Ltd.”, as a shareholder in Cleopatra Hospitals Group (CHG), with a share of 37.87%.

It states that “Care Healthcare” has signed an agreement with “MCI Capital Healthcare Partners for Medical Care” (the bidder), on 8/12/2021.

It pledges to offer a minimum of 125.96 million shares, accounting for 7.87% of CHG, and a maximum of 192 million shares, representing 21% of the company’s capital.

The optional purchase offer to acquire up to 26.21% of the shares of Cleopatra Hospitals for EGP 5/share is subject to the approval of FRA.

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