Cairo – Mubasher: The Egyptian Exchange (EGX) announced on Tuesday that it will open the private placement market for the shares of Cairo Specialized Hospital, based on an offer provided by Cleopatra Hospitals Group (CHG).

CHG stated that it intends to buy 1.2 million shares, representing 46.33% of the company’s capital, for EGP 110 per share.

The offer period will start from 16 May to 12 June (20 working days) and will be executed within five working days following the expiry date of the offer period, according to the statement.

CHG currently owns 52.72% of the shares of Cairo Specialty Hospital, 99.99% of Al Shorouk Hospital, and 99.92% of Nile Badrawi Hospital.