Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMDC.L Share News (MDC)

  • There is currently no data for MDC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mediclinic set to be delisted as Remgro-led takeover takes effect

Fri, 26th May 2023 09:15

(Alliance News) - Mediclinic International PLC said on Friday that the consortium led by the Johannesburg-listed investment firm, Remgro Ltd, had completed the acquisition of the healthcare group.

The Stellenbosch-based private healthcare provider said the High Court of Justice of England and Wales on Thursday sanctioned the takeover, which values Mediclinic at about GBP3.7 billion.

Back in August, Mediclinic accepted a sweetened offer from Manta Bidco Ltd, a consortium comprising Remgro and SAS Shipping Agencies Services Sarl - a subsidiary of MSC Mediterranean Shipping Co SA.

Before the deal, Remgro held a 45% stake in Mediclinic.

On Friday, Mediclinic said the deal had now become effective, meaning Bidco now owns the entire issued and to be issued share capital of the company. It is intended that Mediclinic shall shortly be re-registered as a private limited company.

Shares in Mediclinic were suspended on on the London Stock Exchange, the Johannesburg Stock Exchange and the Namibian Stock Exchange on Friday.

Mediclinic expects to delist from LSE on Tuesday next week. The delisting of Mediclinic shares from the JSE and the NSX is expected to take effect from commencement of trade on June 7.

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
23 Feb 2016 07:27

Mediclinic International Says CFO Craig Tingle To Retire

Read more
18 Feb 2016 19:08

Thursday broker round-up

(ShareCast News) - Hammerson: Exane BNP Paribas downgrades to neutral, 620p target. Go-Ahead Group: Shore Capital upgrades to buy. Auto Trader: JP Morgan reiterates to overweight with a 420p target and Deutsche Bank maintains hold, 375p target. Glencore: Citigroup keeps at buy with a 140p target.

Read more
15 Feb 2016 07:45

Al Noor Becomes FTSE 100-Bound Mediclinic As Merger Completed (ALLISS)

Read more
31 Oct 2013 16:41

Media Corporation To Be Cancelled On AIM As Of November 1

Read more
31 Oct 2013 16:26

*CORRECT: Media Corporation Shares Cancelled On AIM

Read more
31 Oct 2013 16:24

*Media Corporation Shares Susepended On AIM

Read more
20 Mar 2013 08:45

Media Corp signs deal with betting channel BoxNation

Media Corp., an AIM-listed online gaming company, said Wednesday it has entered an exclusive agreement with Boxing Channel Media to supply betting services to its TV channel, BoxNation. The three-year deal marks the firm's first white label contract win - enabling it to capitalise on its Intabet so

Read more
17 Dec 2012 14:45

Media Corporation places subsidiary Eyeconomy into administration

AIM-listed Media Corporation has placed its wholly-owned subsidiary, the internet advertising business Eyeconomy, into administration with KRE Corporate Recovery LLP. This news follows the group's announcement on December 12th that Eyeconomy was expected to make a loss for the division for the 15-m

Read more
7 Nov 2012 16:07

Senior management at Media Corp show support for new advertising service

The Interim Chief Executive Officer and the Chairman of digital advertising network and online gaming group Media Corporation have boosted their respective stakes in the company following the launch of its Mobile Digital and Social Network advertising service. Adam Fraser-Harris, the group's Inter

Read more
2 Nov 2012 08:31

Small caps round-up: BP Marsh, Media Corp, Dee Valley

B.P. Marsh & Partners, the venture capital firm, has increased its stake in Besso Insurance Group through the acquisition of the stake held by Michael Wade, who is stepping down as Chairman of Besso now that the restructuring of the group has been completed. Coln Bird, currently the Chief Executive

Read more
17 Aug 2012 16:12

Bostock reduces stake in Marks and Spencer before exit

Kate Bostock, who is quitting her role as Executive Director of General Merchandise at Marks and Spencer, has taken advantage of the recent rise in the retailer's share price with a double sale of shares late on Thursday. Bostock, who announced her exit in July but will stay on until October, sold

Read more
31 May 2012 12:40

Small caps round-up: Transense Tech, Surgical Innovations, Treveria...

Transense Technologies, a sensors specialist, has been informed by one of the world's largest mining companies that its iTrack Tyre Temperature and Pressure Monitoring System for mining and off-the-road vehicles has successfully completed field trials and is now an approved product for deployment in

Read more
12 Oct 2011 08:54

Media Corp losses narrow

Online advertising and gambling group Media Corp expects losses in the year to 30 September to be narrower than those of the previous year after seeing sharp increases in revenues in both divisions. Total revenues climbed to £35m from £24m, with advertising division Eyeconomy's climbing to £7.3m fr

Read more
4 Jan 2011 06:38

Tuesday newspaper round-up: VAT, Prices, Facebook...

Middle-class households will have to pay nearly £600 in extra taxes this year after today's 2.5% rise in VAT, according to new research carried out for The Times. The coalition's decision to raise VAT from 17.5% to 20% to tackle the deficit prompted a political row yesterday, with George Osborne and

Read more
24 Dec 2010 12:55

London close: Footsie finishes above 6,000

A late spurt by Footsie in the truncated afternoon trading session did the headline writers a favour and pushed the blue-chip index above the 6,000 level. Trading volumes were low, and corporate news was as thin as the veneer of snow still covering large parts of Britain. Struggling sportswear r

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.