14th Apr 2015 07:18
LONDON (Alliance News) - Dubai-based private equity firm Ithmar Capital is understood to be planning to sell a 20% stake in Abu Dhabi-based Al Noor Hospitals Group PLC, according to a report.
Global Capital magazine said Deutsche Bank has been hired to place around 23.4 million shares in Al Noor for 925 pence per share, raising GBP216 million for Ithmar, which is selling the stake via its Astro II special purpose vehicle.
Al Noor shares were down 8% to 913.34 pence in early trade, one of the worst performers in the FTSE 250 index.
By Sam Unsted; [email protected]; @SamUAtAlliance
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