Egyptian-Lebanese investor acquires 25% of TechnoScan

M&A WATCH- Egyptian-Lebanese investor acquires 25% of TechnoScan: An unnamed Egyptian-Lebanese investor bought 25% of radiology and diagnostic imaging center TechnoScan in a USD 2 mn transaction, the local press reported. Saudi Arabia’s Elaj Group was said to have been in the “final stages” of acquiring 75% of TechnoScan in September.

Advisors: Matouk Bassiouny & Hennawy acted as buy-side adviser, while selling shareholders were advised by Haitham Farouk.