Investment Banking
Regulation, Risk & Compliance
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First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes
First Abu Dhabi Bank (FAB) has withdrawn its offer for a controlling stake in Egyptian investment bank EFG Hermes, citing global market uncertainty. FAB's non-binding offer in February to buy at least 51% of EFG Hermes, valuing Egypt's biggest investment bank at nearly $1.2 billion, could have secured access to…
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