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Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » MCI Capital Acquires 23% of Cleopatra Hospitals🤝

MCI Capital Acquires 23% of Cleopatra Hospitals🤝

by Shams Abbas
December 27, 2021

CI Capital (CICH) subsidiary MCI Capital has acquired 23% of Cleopatra Hospitals (CLHO) in an EGP 1.8 billion transaction.

More Details🧐 Holders of EGP 367.8 million CLHO shares have agreed to sell. The optional purchase offer was EGP 5/share, which values CLHO at EGP 8 billion. 

MCI Capital had hoped to acquire 26.2% of CLHO but now has to settle for 23%.

Why is this Important🤔 MCI Capital’s total stake in CLHO now stands at 26.8% as they already held a 3.8% stake before the deal. 

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