Financials
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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Currency | US Dollars |
Price | $ 0.66 |
Change Today | $ 0.00 |
% Change | 0.00 % |
52 Week High | $0.70 |
52 Week Low | $0.57 |
Volume | 0 |
Shares Issued | 143.37m |
Market Cap | $93.91m |
RiskGrade | 176 |
No dividends found |
Time | Volume / Share Price |
0 @ $0.00 |
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