Yas Holding looks to buy part of NMC's distribution business - sources | ZAWYA MENA Edition:
Abu Dhabi investment group Yas Holding is looking to buy a part of hospital operator NMC Health's distribution business, three sources told Reuters.
Administrators from Alvarez & Marsal were appointed in April to oversee NMC Health after months of turmoil over its finances.
Shortly afterwards they launched sales processes for NMC's assets, which include the company's international fertility business, to raise funds and pay back creditors.
NMC Trading distributes a wide range of products including food, pharmaceuticals, medical equipment and consumables.
The administrators have split NMC Trading into six units, two of which make up about 70% of the business, said one of the sources, declining to be named as the matter is not public.
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