| The successful bidder for EFG-Hermes risks overpaying for the Egyptian company. The embattled Egyptian investment bank is caught between two rival bids - the first from a joint venture with QInvest that would provide funding from Qatar's sovereign wealth fund, and the second a US$1 billion (Dh3.67bn) unsolicited buyout bid from Planet Investment Banking (Planet IB), a consortium of Arab investors.
QInvest is controlled by the Qatar Investment Authority, the Qatari sovereign wealth fund...............................................Full Article: Source |