UPDATE 1-Investors sell shares worth $490 mln in troubled NMC Health
January 07, 2020 at 19:22 PM EST
Two investors of NMC Health Plc are selling shares worth 374 million pounds ($490 million) in the healthcare group, a bookrunner for the deal said on Tuesday, weeks after short-selling firm Muddy Waters questioned the company's finances. The deal, led by shareholders Saeed Al Qebaisi and Khaleefa Al Muhairi, is expected to be priced at 1,200 pence per share, the bookrunner said, adding that the books were oversubscribed.