Egypt's EFG Hermes in merger talks with Qatar firm

Reuters, Monday 26 Mar 2012

Investment banks discuss tie-up of securities brokerage, asset management and investment banking functions

Egyptian investment bank EFG Hermes said on Monday it was in discussions with QInvest for a possible merger.

EFG Hermes and the Qatari Islamic investment bank are in talks for a tie-up of their securities brokerage, asset management and investment banking operations.

EFG Hermes Private Equity is not included in the discussions, according to a statement.

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