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Thursday, 14 May 2020

South Africa’s Tana Capital is looking to acquire a 25% stake in Mabaret Al Asafra Hospitals

M&A WATCH- South Africa’s Tana Capital eyes stake in Mabaret Al Asafra Hospitals: South African investment firm Tana Africa Capital has submitted an offer to purchase a 25% stake in Mabaret Al Asafra Hospital Group, sources close to the negotiations told the local press. Talks have been ongoing between the two sides for months and a preliminary agreement was signed a month-and-a-half ago, the sources said. Mabaret Al Asafra head Amr Morsi refused to confirm whether Tana had made a formal offer and denied signing an initial agreement. “We have been in negotiations with several investors for a long time and we have not signed any final or initial contracts,” he told the press, stressing that negotiations remain at an early stage. The group owns three hospitals on Egypt’s north coast: Mabaret Al Asafra West, Mabaret Al-Asafra Central and Mabaret Al Asafra Alexandria.

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