Browse related articlesEFG-Hermes, $505m Abraaj bid OK'd
Egypt: Sunday, July 30 - 2006 at 16:46
EFG-Hermes' Board of Directors has accepted a $505m bid by Dubai-based Abraaj Capital for a 25% stake of EFG-Hermes. Shareholders still have to approve the deal. Abraaj will be the largest single shareholder in the investment banking firm if the sale goes through.
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James McInerney, News EditorSunday, July 30 - 2006 at 16:46 UAE local time (GMT+4)
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This Article was updated on Wednesday, September 13 - 2006
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