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

Sector:

Financials

$ 1.96
   
  • Change Today:
    $0.41
  • 52 Week High: $4.98
  • 52 Week Low: $1.53
  • Currency: US Dollars
  • Shares Issued: 143.37m
  • Volume: 0
  • Market Cap: $281.00m
  • RiskGrade: 141

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 $ 1.96
Change Today $ 0.41
% Change 26.45 %
52 Week High $4.98
52 Week Low $1.53
Volume 0
Shares Issued 143.37m
Market Cap $281.00m
RiskGrade 141

EFGD Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ $0.00

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