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

Sector:

Financials

$ 2.19
   
  • Change Today:
    $-0.11
  • 52 Week High: $4.98
  • 52 Week Low: $2.12
  • Currency: US Dollars
  • Shares Issued: 143.37m
  • Volume: 0
  • Market Cap: $313.97m
  • RiskGrade: 183

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.

Email this article to a friend

or share it with one of these popular networks:


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 $ 2.19
Change Today $ -0.11
% Change -4.78 %
52 Week High $4.98
52 Week Low $2.12
Volume 0
Shares Issued 143.37m
Market Cap $313.97m
RiskGrade 183

EFGD Dividends

No dividends found

Trades for --2019

Time Volume / Share Price
0 @ $0.00

Top of Page