The $3.2b Egyptian Investment Bank Buying a Tenth of $61m British Bank
EFG-Hermes, the Egypt-based investment bank (which has a market cap of ~$3.2 billion) has acquired 9.97% of Panmure Gordon & Co, the AIM-listed investment bank based in London (which has a market cap of ~$61 million).
The Egyptian bank is 24 years old. The British bank is 132 years old.
September 4, 2008 |
Filed under Investment in Middle East
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