{"id":324588,"date":"2022-02-09T13:54:55","date_gmt":"2022-02-09T13:54:55","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324588"},"modified":"2022-02-09T14:22:10","modified_gmt":"2022-02-09T14:22:10","slug":"fab-makes-a-play-for-acquiring-a-majority-stake-in-efg-hermes","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/02\/09\/fab-makes-a-play-for-acquiring-a-majority-stake-in-efg-hermes\/","title":{"rendered":"FAB makes a play for acquiring a majority stake in EFG Hermes"},"content":{"rendered":"<p>Egyptian Financial Group Hermes Holding\u00a0(EFG Hermes) has received a non-binding initial offer for\u00a0First Abu Dhabi Bank\u00a0(FAB) to acquire a majority stake in the company&#8217;s issued capital.<\/p>\n<div id=\"Outstream\"><\/div>\n<p>FAB plans to acquire at least 51% of EFG Hermes&#8217; issued capital at an estimated price of EGP 19 per share, according to a bourse filing.<\/p>\n<p>Completing\u00a0the transaction and setting the final purchase price is subject to the due diligence process\u00a0and required\u00a0regulatory approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian Financial Group Hermes Holding\u00a0(EFG Hermes) has received a non-binding initial offer for\u00a0First Abu Dhabi Bank\u00a0(FAB) to acquire a majority stake in the company&#8217;s issued capital.<\/p>\n","protected":false},"author":4,"featured_media":320654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[82,193],"class_list":["post-324588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-efg-hermes","tag-first-abu-dhabi-bank-fab"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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