Thursday 31, May 2012 by Robin Amlôt
EFG Hermes receives buy-out offer
Currently in talks to establish a joint venture with QInvest of Qatar, EFG Hermes reports that it received a takeover offer late on Wednesday from Planet Investment Banking Ltd, a buy-out vehicle backed by a consortium of Arab investors. In a filing to The Egyptian Exchange, EFG Hermes confirmed local press reports that it had received the buy-out offer.
