VOL. XLIV

No. 26

25-June-2001

EGYPT

EFG-Hermes Set To Merge With CIIC

Directors of leading Egyptian investment house EFG-Hermes (EFG) on 20 June approved a strategic alliance with Commercial International Investment Company (CIIC). EFG-Hermes Holding Company will hold an extraordinary general meeting (EGM) on 8 July to discuss the proposed capital increase at the stocks fair market value as required by Egyptian law, the company said in a statement. The EGM will also discuss approving the...