Mediclinics | Merger with Al Noor Group

Mediclinics | Merger with Al Noor Group

6th Oct 2015

News has emerged today that Al Noor Hospital Group based in Abu Dhabi is in merger talks with Mediclinic International of South Africa regarding a possible merger of the two hospital groups. Mediclinic is a South African company, quoted on the Johannesburg Stock Exchange, with large hospital networks in South Africa, Switzerland, UAE and the UK via a minority holding in Spire Healthcare PLC.

"The Board believes that the potential combination could have strong strategic benefits and could deliver significant shareholder value," Al Noor said in a statement, adding that the potential merger would be implemented via the issue of new shares and may be classified as a reverse takeover.

Mediclinic said it was in talks that might affect its shares but did not say whether it in discussion with Al-Noor.

 

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