Cairo - Mubasher: MCI Capital Healthcare Partners for Medical Care has submitted an optional purchase offer to acquire a 26.21% stake in Cleopatra Hospitals Group (CHG), the Financial Regulatory Authority (FRA) announced.

Under the purchase offer, MCI Capital seeks to acquire 419.34 million shares in CHG at a price of EGP 5 per share, according to a bourse filing on Wednesday.

Hence, Care Healthcare, a 37.87% subsidiary of CHG, has signed an agreement with MCI Capital to offer a minimum of 125.96 million shares, accounting for 7.87% of CHG, and a maximum of 192 million shares, representing 21% of the company's capital.

This transaction is subject to the approval of FRA.