M&A WATCH- Cleopatra eyes majority stake in fertility-specialist Bedaya Hospital: Cleopatra Hospital Group is in late-stage negotiations to buy a 60% stake in Bedaya Hospital, which specializes in fertility and IVF treatments, the local press reports, citing unnamed sources. The sources did not provide details on the value of the transaction, but said the two sides have reached an agreement on the financials. Bedaya Hospital owner Ismail Aboul Fotouh will retain his holding of the remaining 40% stake and will continue to manage the hospital once the transaction is completed.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…