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Tuesday, 31 October 2017

Elaj reportedly buys 74% of Cairo Labs

M&A WATCH- Saudi Arabia’s Elaj Group has reportedly acquired 74% of clinical laboratory group Cairo Labs, sources told Al Mal. The sources said the group paid EGP 36 mn for the stake from shareholder Mohsen Abulghar. Elaj is looking to enter the Egyptian market and increase its footprint in the medical services area.

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