Egyptian Financial Group Hermes Holding (EFG Hermes) has received a non-binding initial offer for First Abu Dhabi Bank (FAB) to acquire a majority stake in the company’s issued capital.
Related Posts
FAB plans to acquire at least 51% of EFG Hermes’ issued capital at an estimated price of EGP 19 per share, according to a bourse filing.
Completing the transaction and setting the final purchase price is subject to the due diligence process and required regulatory approvals.
