15th Apr 2015 13:52
LONDON (Alliance News) - Al Noor Hospitals Group PLC Wednesday confirmed Astro II SPV, which is connected to Faisal Belhoul and Khaldoun Haj Hasan, both non-executive directors, sold 23.4 million shares for a total value of GBP216 million through CREST on Tuesday.
The sale represents a price of 923 pence per share.
On Tuesday, Global Capital magazine had reported that Dubai-based Ithmar, a private equity firm, was selling its 20% stake in Al Noor Hospitals and that Deutsche Bank had been hired to sell the shares at 925 pence per share.
Following the transaction, Astro II SPV has no interest in the Abu Dhabi-based company.
Al-Noor shares were trading 1.3% higher at 917.00p Wednesday, having lost 8.0% on Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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