B Investments Holding has established B Healthcare Investments with an authorised capital of EGP 1 billion to invest in specialised healthcare companies in Egypt.
The newly established company has signed an agreement to acquire a 51% stake in the Egyptian IVF Centre as its first investment in the specialised healthcare sector, according to a bourse filing on Monday.
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The company is obtaining the necessary approvals from the Ministry of Health and implementing the necessary measures at the stock market to complete the acquisition process.
Previously, the board of B Investments has approved EGP 200 million investments in the healthcare unit.
