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Acquisition

29th Mar 2016 07:00

RNS Number : 2937T
EFG-Hermes Holdings SAE
27 March 2016
 

 

 

 

 

 

EFG Hermes Announces its Intention to Acquire c.51% of Invest & Finance Securities Limited

 

 

 

 

Cairo, March 27th, 2016: EFG Hermes announces its intention to acquire approximately 51% of total issued shares of "INVEST & FINANCE SECURITIES LIMITED", a listed company on the Karachi Stock Exchange with a total shareholders' equity of USD1.9 million. The company provides Financial Brokerage, Corporate Finance and Financial Research, and has offices/branches in Karachi and Lahore in Pakistan. The finalization of the transaction is subject to EFG Hermes's Board approval and the satisfactory completion of due diligence, and the completion of the commercial review and regulatory requirements.

 

 

 

 

 

 

 

 

 

 

For further information:

Investor Relations Department

Email: [email protected]

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

 

Head of Investor Relations - Hanzada Nessim

Email: [email protected]

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

 

www.efg-hermes.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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