Cairo-Mubasher: Ameco Medical Industries said on Tuesday that the mandatory takeover bid submitted by the UAE’s TVM Healthcare Acquisition3 Ltd. should be evaluated by an independent financial advisor, according to the regulations of the Egyptian Financial Supervisory Authority (EFSA).
In November, the market regulator approved the offer submitted by TVM that targets a 42.05% stake (nearly 1.4 million shares) in Ameco.
The EGX-listed company operates with authorised capital of EGP 20 and issued and paid-in capital of EGP 16.5 million, divided into 3.3 million shares at a par value of EGP 5 each.
