Cairo – Mubasher: Alexandria Medical Services (Alexandria New Medical Center) said that Egy Trend Financial Consultant has finished off setting the company’s fair value between the range of EGP 14.89 and EGP 20.64 per share.

Last October, The Egyptian Financial Supervisory Authority (EFSA) stated that it received a mandatory tender offer from Indian investor Pavajaoto Raghuram Shetty to buy 13.65% of the company.

Following this transaction, the Indian investor will own 100% of the company’s shares.

Alexandria Medical Services pointed out that the offer price at EGP 22.5 per share is adequate.

The mandatory tender offer started on 13 January and will end on 10 February.