RX Healthcare Fund to finalize Al Mottahedoon Pharma acquisition next week

M&A WATCH- RX Healthcare Fund to finalize Al Mottahedoon Pharma acquisition next week: EFG Hermes’ RX Healthcare Fund is expected to finalize its acquisition of 80% of meds producer Al Mottahedoon by the end of next week, according to a local press report. Look for a ticket size in the EGP 360 mn range, the report says. A group of Egyptian investors and a Kuwait investor who together own 92% of the company will be selling part of their stakes.