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EFG-Hermes faces own Arab spring

Posted on 08 June 2012

It has been a difficult 12 months for EFG-Hermes, the leading Middle East investment bank, which now finds itself in the teeth of a financial storm as the subject of an unwanted takeover battle.
The Cairo-based bank, founded in 1984, has seen its market value drop steeply since the turmoil of last year’s uprising in Egypt. Its shares have lost more than a third of their value in the past year, giving it a market capitalisation of $850m………………………………………..Full Article: Source

 
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