June 7, 2021
Shalakany Successfully Submitted a Mandatory Tender Offer
Shalakany is pleased to announce that it has successfully deposited with the Egyptian Financial Regulatory Authority (the “FRA”) on behalf of its client, Emirates Advanced investments Holding LLC, a mandatory tender offer for the acquisition of up to 100% of the shares of Alexandria New Medical Center S.A.E for an aggregate price exceeding half a billion Egyptian pounds. The Egyptian Stock Exchange (the “EGX”) announced the deposit of the offer with the FRA on June 6th, 2021.
Mr. Omar Sherif, Partner and Transaction Manager, said: “We are delighted to have been able to make this submission swiftly on behalf of our client, despite having worked on a very tight schedule. We very much look forward to closing this deal as soon as possible in light of the applicable regulatory framework.”
Mr. Omar Sherif, Partner and Transaction Manager, said: “We are delighted to have been able to make this submission swiftly on behalf of our client, despite having worked on a very tight schedule. We very much look forward to closing this deal as soon as possible in light of the applicable regulatory framework.”
