MIDEAST STOCKS-Egypt buoyed by M&A activity, Widam Food soars in Qatar:
"Mergers and acquisition activity in the health sector lifted Egypt’s stock market on Thursday, while Gulf markets mostly moved sideways but Qatar rose on the back of a jump by food processor and livestock trader Widam Food.
Nozha International Hospital jumped 10 percent to 75.62 Egyptian pounds and Cleopatra Hospital surged 7.4 percent after Nozha said Cleopatra was seeking regulatory approval to make a mandatory tender offer for all of Nozha.
Cleopatra, advised by EFG Hermes, will offer Nozha shareholders 90 pounds per share and intends to delist its acquisition, Nozha said."
'via Blog this'
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