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BRIEF-Cleopatra Hospital seeks regulatory approval for capital increase
August 28, 2017 / 12:46 PM / in 3 months

BRIEF-Cleopatra Hospital seeks regulatory approval for capital increase

Aug 28 (Reuters) - CLEOPATRA HOSPITAL:

* FILES FOR REGULATORY APPROVAL ON CAPITAL INCREASE OF EGP 700 MILLION

* PROCEEDS FROM TRANSACTION TO BE USED TO ENSURE AVAILABILITY OF EGP 580 MILLION TO SUPPORT ACQUISITION OF HOSPITAL OF AROUND 150 BEDS

* PROCEEDS ALSO BE USED TO IMPROVE GROUP PROFITABILITY BY RETIRING EGP 120 MILLION OF EXISTING HIGH COST DEBT Source:(bit.ly/2xqxkpU) Further company coverage:

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