Last Update 21:31
Monday, 17 February 2020

Egypt's EFG Hermes says completes sale of Credit Libanais stake

Reuters , Wednesday 8 Jun 2016
File photo: Investment bank EFG Hermes building at the Smart Village, on the outskirts of Cairo,(Reu
File photo: Investment bank EFG Hermes building at the Smart Village, on the outskirts of Cairo,(Reuters)
Share/Bookmark
Views: 2297
Share/Bookmark
Views: 2297

Egypt's leading investment bank EFG Hermes has completed the sale of a 40 percent stake worth $310 million in Credit Libanais after obtaining board approval, the company said in a bourse statement on Wednesday.

EFG Hermes's board in March agreed to sell a 40 percent stake in Credit Libanais to Arab and Lebanese investors at $33 per share, along with plans to sell its remaining shares by May next year.
 

Short link:

 

Latest

© 2010 Ahram Online.