Middle East Economic Survey
VOL. LIII
No 35
30-Aug-2010
LEBANON
EFG Hermes Acquires 65% Interest In Credit Libanais
EFG Hermes Holdingannounced on 17 August that it has agreed with majority shareholders to acquire a 65% interest in theshare capital of Beirut-based Credit Libanaisand a call option over an additional 25% interest. EFG Hermes will pay a cash consideration of $542mn for the 65% interest. The call option over the additional 25% will be exercisable over the next two years at the sole...
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