31st Jul 2006 07:00
EFG-Hermes Holdings SAE30 July 2006 Further to the Company's announcement on 24th July 2006 regarding the offer fromAbraaj Capital to participate in EFG-Hermes Holding through a capital increasethrough the issuance of an additional 97,074,010 ordinary shares at EGP30 pershare by EFG-Hermes Holding with a total transaction value amounting to EGP2.912 billion, please be advised that EFG-Hermes' Board of Directors hasunanimously approved the offer in its meeting on Saturday 29th July 2006,pending the approval of the general assembly which the Board will call for aswell as the approval of all relevant regulatory authorities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Efg-hold.gdr S