KM Financial Solutions | UPDATE 1-Investors sell shares worth $490 mln in troubled NMC Health
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UPDATE 1-Investors sell shares worth $490 mln in troubled NMC Health

UPDATE 1-Investors sell shares worth $490 mln in troubled NMC Health

Two investors of NMC Health Plc
are selling shares worth 374 million pounds ($490 million) in
the healthcare group, a bookrunner for the deal said on Tuesday,
weeks after short-selling firm Muddy Waters questioned the
company’s finances.
The deal, led by shareholders Saeed Al Qebaisi and Khaleefa
Al Muhairi, is expected to be priced at 1,200 pence per share,
the bookrunner said, adding that the books were oversubscribed.

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