Speed Medical to finalize Safwa labs acquisition by 3Q2020

M&A WATCH- Speed Medical to finalize Safwa labs acquisition by 3Q2020: Speed Medical is planning to finalize its acquisition of Ismailia-based medical labs chain Safwa at the beginning of 3Q2020, Chairman Mahmoud Lasheen told Al Mal. The acquisition could coincide with Speed’s transition from the Nile Stock Exchange to the EGX, which is expected to take place between June and July this year, Lasheen said. Lasheen’s statements come a few weeks after Speed signed an agreement with Safwa that will see it manage the company’s five branches on a trial basis lasting six months.