Staff Writer
A fully owned subsidiary of Dubai Investment Company has signed an agreement to acquire 80% stake in Clemenceau Medical Center.
The acquisition by Dubai Investments Industries LLC will be through a non-cash deal with two existing shareholders, a DFM bourse statement said.
Khansaheb Investment LLC will sell a 55% stake while Clemenceau Medical Company S.A.E.M.L, will sell 25%.
The full terms of the transaction were not disclosed.
Dubai Healthcare City-based CMC is a provider of advanced healthcare services.
(Writing by Brinda Darasha; editing by Seban Scaria)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.