The consortium of LimeVest and Tawasol Holding acquired 70.17% of Alexandria New Medical Services (AMES).
The deal amounted to a total of EGP 535.9 million, around EGP 49 per share.
Alexandria New Medical Services did not like the offer initially, saying that it does not reflect the true value of the company’s assets.
The fair value of Alex New Medical Services was set at EGP 51.2-52.8 per share.
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