A subsidiary of Dubai Investments is set to acquire an 80% stake in Clemenceau Medical Center (CMC) through a non-cash transaction involving two of the healthcare provider’s existing shareholders.
Dubai Investments Industries LLC has signed an agreement for the deal, according to a filing with the Dubai Financial Market.
Under the transaction, Khansaheb Investment LLC will transfer its 55% holding, while Clemenceau Medical Company S.A.E.M.L will sell a further 25% stake. Financial details and other terms of the agreement have not been disclosed.
Based in Dubai Healthcare City, Clemenceau Medical Center provides specialised and advanced medical services.
