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Sunday, 22 December 2019

Al Taisier Group acquires 75% stake in Hassab Laboratories

M&A WATCH- Al Taisier Group acquires 75% stake in Hassab Laboratories for EGP 50 mn: Al Taisier Medical Holding Group, owner of Al Taisier International Hospitals, acquired a controlling stake of more than 75% in Hassab Laboratories in a EGP 50 mn transaction, according to Al Mal. The remaining stake is held by the founder of Hassab Laboratories, Amina Hassab, who will stay in her position as the laboratories chairman, unnamed sources told the newspaper.

The move comes as part of Al Taisier group’s plan to expand to expand in North Cairo, from its current locations in Mansoura, Sharqiya and the Suez Canal area, the sources added. Hassab Laboratories had also announced earlier that it aims to acquire two medium-size laboratories as well as launch several branches in Upper Egypt and Delta.

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