Transaction completed by Emerge Invest (sell-side advisor)

M&A WATCH – Al Taisier Group acquires 75% of Hassab Laboratories for 50 million EGP:
Al Taisier Medical Holding Group, owner of Al Taisier International hospitals, has acquired a majority stake of more than 75% in Hassab Laboratories in a transaction valued at 50 million Egyptian pounds (EGP), according to Al Mal.

The remaining stake is held by the founder of Hassab Laboratories, Amina Hassab, who will retain her position as President of the laboratories, according to anonymous sources cited by the newspaper.

This transaction is part of Al Taisier Group's expansion plan towards northern Cairo, complementing its current locations in Mansoura, Sharqiya and the Suez Canal region, the sources added.

For its part, Hassab Laboratories had already announced its intention to acquire two medium-sized laboratories, as well as to launch several new branches in Upper Egypt and the Delta.

Article sources: enterprise.press