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English news

27-Sep-2016

Emirati-TVM Healthcare intends to purchase remaining stake in Egyptian disposables producer Ameco

Emirates based TVM Healthcare announced that it intends to purchase the remaining shares of Ameco Medical (42%: 1.4mn shares), an Egyptian producer of medical disposables (mostly syringes), where the buy price is planned to be EGP19.5/share. In a statement to the Egyptian Exchange, the company invited shareholders wanting to sell their shares in Ameco to record selling and buying orders at brokerage firms in OPR market during two periods, starting 28 September. In November 2015, TVM Healthcare submitted a mandatory tender offer to complete 100% acquisition of Ameco Medical. (Al Mal)

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