ZAWYA: A fully owned subsidiary of Dubai Investment Company has signed an agreement to acquire 80% stake in Clemenceau Medical Center. 

The acquisition by Dubai Investments Industries LLC will be through a non-cash deal with two existing shareholders, a DFM bourse statement said.

Khansaheb Investment LLC will sell a 55% stake while Clemenceau Medical Company S.A.E.M.L, will sell 25%.

The full terms of the transaction were not disclosed.

Dubai Healthcare City-based CMC is a provider of advanced healthcare services.