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Al Noor-Mediclinic deal gets SACC approval

19 January 2016 13:49

Al Noor Hospitals Group's proposed combination with Mediclinic has been recommended for approval by the South African Competition Commission.

This recommendation will now go to a South African Competition Tribunal hearing which is expected to take place on 27 January.

The Namibian Competition Authority has given its unconditional approval for the combination which will be implemented by Al Noor acquiring Mediclinic under a scheme of arrangement. The scheme is expected to become operative on 15 February.

At 1:49pm: (LON:ANH) Al Noor Hospitals Group PLC share price was +17.5p at 1139.5p

Story provided by StockMarketWire.com

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