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MD Order Books Covered

Order books are covered in the $300 million London listing of MD Medical Group, according to three sources close to the deal.

The offering consists of $150 million of global depositary receipts to raise money to fund the expansion of the company's clinic and hospital network plus existing shares being sold by MD Medical Holding.

There is also a 15 percent overallotment option, which could take the total deal size to $343 million, valuing the company at as much as $995 million.

(Reuters)

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