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NMC's non-core asset sale plan still on despite creditors taking control - News


NMC’s non-core asset sale plan still on despite creditors taking control
Reuters/Dubai
Filed on June 9, 2021
A source said creditors would take a decision later concerning the planned sale process for the core business in the UAE and Oman.
File photo
NMC’s core assets are in the UAE and Oman
Hospital operator NMC will proceed with the sale of non-core international assets despite the planned transfer of the company’s business to creditors following a restructuring exercise, its joint administrators said.
The statement came after joint administrators from Alvarez and Marsal said earlier this week it will shortly launch the formal voting process to complete the financial restructuring of the NMC business, ensuring its exit from administration in Abu Dhabi. ....

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