Tuesday 19, January 2010 by
EFG-Hermes sells Bank Audi stake
Audi Saradar Group announced that a group of its existing shareholders, as well as a number of other high net worth individuals and entities investing directly or through investment vehicles, purchased the 7,554,148 common shares and 2,483,034 GDRs of Bank Audi, previously owned by EFG-Hermes and its subsidiaries at a price of $91 per share and GDR, for a total purchase price of US $914. The transaction took place on the Beirut Stock Exchange.
