Qatar Deal Leaves EFG Hermes In Limbo
Without the regulator's blessing, EFG has little option but to cut costs aggressively, writes Una Galani.
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Without the regulator's blessing, EFG has little option but to cut costs aggressively, writes Una Galani.
April 10, 2013 2:59Shareholders of EFG Hermes, Egypt's biggest investment bank, reaffirmed on Sunday their approval of a planned tie-up with Qatar's QInvest after demands by the regulator for more information on the deal were met, EFG said in a statement distributed by the stock exchange.
September 16, 2012 5:20Income boosted last year by exceptional dividend; Analyst says few surprises in overall results; Assets under management declined 6 pct
August 15, 2012 5:12British bank HSBC has acquired a stake of at least 5 percent in EFG Hermes, the Middle East's biggest home-grown investment bank, Egypt's stock exchange said on Tuesday.
July 4, 2012 10:23