Investment Banking
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Buoyed by Damas Exit, EFG Hermes Plans New Private-Equity Funds
Egyptian investment bank EFG Hermes is planning to raise money for new private equity funds later this year, betting that investor appetite for Middle Eastern assets is coming back after a long lull. The sunny disposition stems in part from EFG’s sale this week of a 19% stake in Damas,…
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Click here to read the full story: Wall Street Journal