ADCB started marketing its stake in the company on 8 March 2021, according to the company's disclosure to the Egyptian Exchange (EGX) on Tuesday.
The sale process will be executed in accordance with the applicable laws and regulations, which will oblige any potential buyer of the bank's stake in the Company to undertake a mandatory tender offer on the Company's shares.
It is noteworthy to mention that in late December 2020, ADCB purchased a 51.5% stake in the Company's capital for AED 64 million as a settlement for the bank's dues with BR Shetty, the founder of NMC Health.
All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).