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Thursday, 6 July 2017

United Pharma IV denies news of acquisition by Medical Union Pharma

Did Medical Union Pharma make an acquisition offer for United Pharma IV? We’re hearing conflicting statements on whether Medical Union Pharma made an official offer to acquire United Pharma IV. United Pharma IV Chairman Abdallah Mahfouz denied yesterday news that Medical Union had formally presented an offer for the company worth EGP 280 mn. Medical Union’s Managing Director Ahmed El Kelany and Health Minister Ahmed Rady, however, both confirmed the news on Wednesday, according to Al Borsa. The company is still waiting for an official offer from Medical Union and studying the offers it received last month, Mahfouz said. US investment fund Lincoln Investment, ACDIMA, and a Compass Capital fund are going head-to-head in a race to acquire United Pharma IV Solutions

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