NMC mulls dropping out of race for Abu Dhabi rival Al Noor Hospitals | The National:
"NMC Healthcare is considering withdrawing from the US$2.2 billion bidding contest for its London-listed rival Al Noor Hospitals, The National can reveal.
NMC, which last month signalled its intention to outbid an agreed merger between Al Noor and South Africa’s Mediclinic, is believed to be worried that it might get drawn into an expensive auction that would harm its credit and investor ratings, according to people familiar with the situation.
“They are getting more worried that they would have to raise a lot of debt or ask shareholders to fund a big deal,” said one bank source who asked not be named as the information was not in the public domain."
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