EFGHermes, an Egyptbased investment bank, was the target of a takeover bid from a newly created rival investment bank at the end of May. The offer from Planet EFG Hermes, the leading investment bank in the Arab world, draws on 30 years of experience to serve as the preeminent investment bank in the region, providing a wide A group of Arab investors is making a billiondollar offer to buy investment bank EFGHermes from under the noses of a Qatari firm in what would be the Middle EFG Hermes UAE Ltd.
EFG Hermes began its operations in the United Arab Emirates in 2002 as part of its regional expansion strategy.
Currently, EFG Hermes is the Business Books Most Read I am an expat in the country I was born in Monday with its managers threatening to take legal steps to halt a hostile takeover attempt by a Cairobased EFG But it DID approve the Societe General deal, and quite quickly. Some suggested that the regulator had issues because of other offers made and possibilities of a hostile takeover A consortium of Arab investors has launched a hostile takeover on EFGHermes less than 24 hours after cochief executives were named in a corruption scandal.
Jun 05, 2012 Billionaire had backed bid to rival Qatari tieup Planet IB consortium says it has firepower for takeover CEO could make hostile buyout approach for EFG Jun 14, 2012 The surprise sale of one of Egypts few corporate stars has also prompted a group known as Planet Investment Banking to threaten a hostile takeover offer, arguing that the Qatar deal undervalues the bank. " EFG's board of directors stated clearly their unwillingness to acquire any company in Egypt because its plans are regional, " the company official told Reuters.
Two UAE investment companies have emerged as key players in a tieup between Qatar's QInvest and EFGHermes. Their role was revealed as a The latest Tweets from EFG Hermes (@efghermes).
The official Twitter account of EFG Hermes Holding, the leading financial services corporation in MENA. Offering Beltone and Naguib Sawiris are offering 257 million for the EFG stake