EFG-Hermes Holding SAE GDR (Reg S) (EFGD)

Sector:

Financials

$ 1.40
   
  • Change Today:
    $0.05
  • 52 Week High: $4.98
  • 52 Week Low: $1.29
  • Currency: US Dollars
  • Shares Issued: 143.37m
  • Volume: 4,980
  • Market Cap: $200.71m
  • RiskGrade: 379

EFG Hermes to sell 40% stake in Credit Libanais

By Andrew Schonberg

Date: Monday 06 Jun 2016

LONDON (ShareCast) - (ShareCast News) - EFG Hermes has received approval from the Central Bank of Lebanon to sell a 40% stake in Credit Libanais, and will thus proceed with the sale.
EFG Hermes -- an investment bank in the Middle East and North Africa region -- said its board agreed in March to sell a 40% stake in Credit Libanais at $33 a share, according to reports. Its shares were up almost 3.5% following the news.

It bought the stake in 2010 for $542m, stating the deal would help its expansion into Lebanon and the Levant and help widen its product range, reports said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EFGD Market Data

Currency US Dollars
Price $ 1.40
Change Today $ 0.05
% Change 3.70 %
52 Week High $4.98
52 Week Low $1.29
Volume 4,980
Shares Issued 143.37m
Market Cap $200.71m
RiskGrade 379

EFGD Dividends

No dividends found

Trades for 05-Jun-2020

Time Volume / Share Price
14:37 100 @ $1.40
08:03 4,880 @ $1.29

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