ICEC

Cleopatra Hospital’s board approves 47% acquisition of Cairo Hospital

Cleopatra Hospital Company (CLHO.CA) announced that its Board of Directors approved the appointment of EFG Hermes Investment Banking to advise on the group’s potential acquisition of an additional 47% stake in Cairo Specialised Hospital (CSH), according press statement on Sunday.

CSH is a subsidiary of Cleopatra Hospital, as the company acquired a 53% stake in CSH in September 2015.

“The potential acquisition of the full minority stake in CSH would unlock significant value for group shareholders and aligns with Cleopatra’s strategy of driving growth through synergies from the full integration of all of its present assets,” the statement read.

Source: Daily News Egypt

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