Cleopatra’s board approves acquisition of hospitals group in unknown Arab country

M&A WATCH- Cleopatra eyes regional expansion with potential acquisition of hospital company outside Egypt: Cleopatra Hospitals Group’s (CHG) board of directors has given its approval to the acquisition of up to 100% of an unnamed company that owns several hospitals in an Arabic-speaking country, CHG said in a regulatory filing (pdf). The transaction is still subject due diligence and a valuation, and talks with the potential seller are ongoing.