{"id":596957,"date":"2019-07-14T04:15:39","date_gmt":"2019-07-14T04:15:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/care-healthcare-divests-31-5-stake-in-cleopatra-hospitals\/"},"modified":"2019-07-14T04:15:39","modified_gmt":"2019-07-14T04:15:39","slug":"care-healthcare-divests-31-5-stake-in-cleopatra-hospitals","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/care-healthcare-divests-31-5-stake-in-cleopatra-hospitals\/","title":{"rendered":"Care Healthcare divests 31.5% stake in Cleopatra Hospitals"},"content":{"rendered":"

<\/a> M&A WATCH- Care Healthcare divests 31.5% stake in Cleopatra Hospitals:<\/b> Care Healthcare sold a 31.5% stake in Cleopatra Hospital Group on Wednesday, Cleopatra said in a bourse filing on Thursday (pdf)<\/a>. Care Healthcare, which prior to the transaction held a commanding 69.4% stake in Cleopatra, sold 503 mn shares at EGP 5.2 a share in a transaction worth EGP 2.6 bn \u2014 bringing Care\u2019s ownership stake in Cleopatra down to 37.9%. Creed Healthcare, Care Healthcare\u2019s parent company, intends to retain a controlling stake in Cleopatra after the transaction, EFG Hermes, which advised on the transaction told Bloomberg<\/a>. Cleopatra\u2019s shares, which have been up 29% YTD, rose 8.1% on Thursday.<\/p>\n

An Actis connection? <\/b>The sale comes days after local news reported<\/a> that the Financial Regulatory Authority has given EM private equity fund Actis its approval to take over the management of APEF IV private equity fund from the now defunct Abraaj. APEF IV owns a 42.5% stake in Creed Healthcare. Actis did not comment on the news, while Cleopatra Hospitals put out a statement<\/a> stating it has no knowledge of a change in management at Creed.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Care Healthcare divests 31.5% stake in Cleopatra Hospitals: Care Healthcare sold a 31.5% stake in Cleopatra Hospital Group on Wednesday, Cleopatra said in a bourse filing on Thursday (pdf). Care Healthcare, which prior to the transaction held a commanding 69.4% stake in Cleopatra, sold 503 mn shares at EGP 5.2 a share in […]<\/p>\n","protected":false},"author":1,"featured_media":596958,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[4991,922,3066,192,193,84,72,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-abraaj","tag-actis","tag-care-healthcare","tag-cleopatra-hospitals-group","tag-creed-healthcare","tag-efg-hermes","tag-enterpriseam","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"64d22686-a3bf-4cce-96a2-51b7e64e994e","is_powered_by":true,"section_story_id":"7c9d550d-f2b3-4ae8-b405-9c2cec1f0f73","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/7\/2893.png","photo_position":"above","related_issue":[596948],"teaser":"","voice_url":""},"yoast_head":"\nCare Healthcare divests 31.5% stake in Cleopatra Hospitals - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/care-healthcare-divests-31-5-stake-in-cleopatra-hospitals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Care Healthcare divests 31.5% stake in Cleopatra Hospitals\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Care Healthcare divests 31.5% stake in Cleopatra Hospitals: Care Healthcare sold a 31.5% stake in Cleopatra Hospital Group on Wednesday, Cleopatra said in a bourse filing on Thursday (pdf). 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MCI bought the shares at EGP 5 apiece, making\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542574,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/04\/edita-wont-be-acquiring-assets-of-ole-bakeries-manufacturer\/","url_meta":{"origin":596957,"position":4},"title":"Edita won\u2019t be acquiring assets of Ole bakeries manufacturer","author":"enterpriseam admin","date":"4 January 2022","format":false,"excerpt":"Snackfoods giant Edita won\u2019t acquire Egyptian Belgian Company\u2019s assets after talks collapse: Edita Food Industries\u2019 bid to acquire assets belonging to Egyptian Belgian Company has fallen through after the two companies were unable to agree on a valuation. The EGX-listed company had expected to finalize an agreement with the Ole\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/42.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553865,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/ci-capitals-cleopatra-bid-gets-regulatory-approval\/","url_meta":{"origin":596957,"position":5},"title":"CI Capital\u2019s Cleopatra bid gets regulatory approval","author":"enterpriseam admin","date":"12 December 2021","format":false,"excerpt":"CI Capital\u2019s bid to acquire 26.2% of Cleopatra Hospitals Group has received the greenlight from the Financial Regulatory Authority (FRA), the regulator said in a statement (pdf) to the EGX on Thursday. MCI Capital Healthcare Partners, the CI Capital subsidiary that\u2019s executing the acquisition, submitted a voluntary tender offer last\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/596957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=596957"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/596957\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/596948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/596958"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=596957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=596957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=596957"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=596957"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=596957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}