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A fully owned subsidiary of Dubai Investment Company has signed an agreement to acquire 80% stake in Clemenceau Medical Center.
The acquisition by Dubai Investments Industries LLC will be through a non-cash deal with two existing shareholders, a DFM bourse statement said.
Khansaheb Investment LLC will sell a 55% stake while Clemenceau Medical Company S.A.E.M.L, will sell 25%.
The full terms of the transaction were not disclosed.
Dubai Healthcare City-based CMC is a provider of advanced healthcare services.
(Writing by Brinda Darasha; editing by Seban Scaria)
