VOL. XLIV
No. 29
16-July-2001
BANKING
EFG Hermes And CIIC Close To Finalizing StrategicShare Swap Deal
EFG-Hermes announced on 9 July that its recentlyproposed strategic alliance with Commercial International Investment Company(CIIC) was approved unanimously at the extraordinary general meeting held on 8July and is now being submitted to the Egyptian Capital Markets Authority tofinalize procedural issues. Both banks directors approved the deal on 20 June (MEES, 25 June). The alliance involvesthe...
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