Minority shareholders approve MTO

Shareholders controlling just 0.45% of Cairo Specialized Hospital agreed to sell their shares to parent company Cleopatra Hospitals Group as part of a mandatory tender offer, according to a bourse disclosure. Cleopatra’s MTO aimed to acquire the outstanding 1.2 mn shares of Cairo Specialized Hospital that it did not already own. The deadline for the offer was 12 June. EFSA had greenlit Cleopatra’s acquisition of 46.32% of Cairo Specialized Hospital’s shares in mid-May.