20th Oct 2015 07:09
LONDON (Alliance News) - Al Noor Hospitals Group PLC Tuesday confirmed it has received a "highly preliminary" indication of interest from Abu Dhabi-based VPS Healthcare Group, following its proposed reverse takeover of South Africa's Mediclinic International Ltd last week.
This brings the number of potential suitors for the FTSE 250 listed private hospital group to three, having also received a competing approach from its London-listed peer NMC Health PLC.
Al Noor noted Tuesday that no formal proposal or indicative terms were received from VPS Healthcare.
Under UK takeover code VPS has until November 17 to either make an offer or walk away, whilst NMC has a deadline of November 6.
Shares in Al Noor were up 2.6% at 1,195.00 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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