Reuters - Abraaj Capital Eyes IPO For Health Biz
Abraaj Capital, the Middle East's largest private equity firm, is considering selling shares in its Egyptian medical laboratories business in 2013 and hopes to deploy as much as $800 million in new deals, its chief executive said on Monday, Reuters reported. The Dubai-based firm's portfolio company, Al Borg Laboratories, entered into a merger agreement with Al Mokhtabar Laboratories in August to create Integrated Diagnostics Holding, the biggest medical laboratories business in the region. Before that deal, Abraaj owned about 99 percent of Al Borg.
15 October 2012•3 mins read
