Egypt-based EFG Hermes announced it has sold an additional two percent in Credit Libanais as part of its decision to completely divest its 63.7 percent stake in the Lebanese bank.
Hermes, the largest listed investment bank in the Arab world, said that its remaining stake in Credit Libanais is 13.1 percent.
Hermes had granted an exclusive mandate to Credit Libanais Investment Bank (CLIB), a fully-owned unit of Credit Libanais, to sell its entire stake at $33 a share or a total of $4...
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Hermes, the largest listed investment bank in the Arab world, said that its remaining stake in Credit Libanais is 13.1 percent.
Hermes had granted an exclusive mandate to Credit Libanais Investment Bank (CLIB), a fully-owned unit of Credit Libanais, to sell its entire stake at $33 a share or a total of $4...
Article details
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