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First Abu Dhabi Bank to buy Egypt’s EFG Hermes
UAE lender First Abu Dhabi Bank has set the wheels in motion for the purchase of a 51 percent stake in Egypt’s Investment bank EFG Hermes, which could be its biggest acquisition in Egypt. The bank. also known as FAB, offered $1.20 per share, valuing EFG Hermes at $1.2 billion,…
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Click here to read the full story: Arab News