Dubai's Abraaj eyes IPO for Egypt health business in 2013 (Yahoo)

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Dubai's Abraaj eyes IPO for Egypt health business in 2013 (Yahoo)

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Dubai's Abraaj eyes IPO for Egypt health business in 2013 (Yahoo)

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10-15-2012, 03:40 AM	#1
NewsBot News Gatherer Community Support Team Join Date: Dec 2007 Posts: 39,020 My Mood:	Dubai's Abraaj eyes IPO for Egypt health business in 2013 (Yahoo) DUBAI (Reuters) - Abraaj Capital, the Middle East's largest private equity firm, is considering selling shares in its Egyptian medical laboratories business in 2013, its chief executive said on Monday. The Dubai-based firm's portfolio company, Al Borg Laboratories, entered into a merger agreement with Al Mokhtabar Laboratories in August to create Integrated Diagnostics Holding, the biggest medical laboratories business in the region. Before that deal, Abraaj owned about 99 percent of Al Borg. "An IPO (initial public offering) of Al Borg seems to be the most natural exit route for us. ... Read the full article... (From Yahoo)

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