The private equity consortium which owns half of Abu Dhabi healthcare provider Al Noor Medical is reviving plans to sell its stake through a stock market listing in 2013, four sources aware of the matter said.
The group, including Dubai-based Ithmar Capital and Qatar First Investment Bank, is looking for new advisers after dropping HSBC Holdings and JP Morgan Chase, following an aborted previous listing, three of the source said.
The banks had held informal investor meetings on an Abu Dhabi initial public offering (IPO) in late 2011 but a significant discrepancy between owners and investors over the company's valuation stalled the plan, two of the sources said.
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