UPDATE 2-NMC holding company likely to be liquidated or dissolved -administrators - Reuters:
Joint administrators for NMC Health Plc, the holding company of UAE-based healthcare provider NMC Group, have said the most likely resolution of the company’s situation was now either dissolution or liquidation.
Administrators from consulting firm Alvarez and Marsal Europe were appointed in April to oversee the hospital operator on an application from one of its biggest creditors, Abu Dhabi Commercial Bank.
The bank has since begun criminal proceedings against an unspecified number of individuals at the company, which has been delisted from the London Stock Exchange and is now the subject of a UK accounting investigation.
The administrators said it would not be possible to conclude the outcome of the process until all investigations into the company have progressed and the liability position is ascertained.
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