Tuesday 18, November 2008 by
EFG-Hermes to buy back five million treasury shares
EFG-Hermes has not specified the price it will pay for the shares it is buying back. The move is the latest in a series of buybacks. In October, EFG-Hermes said it would purchase five million shares between 23 October and 22 November at prices ranging between EGP 19.4 and EGP 26 per share. The bank’s shares have been the third worst performer on the CASE30 since January.
