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New Deal


Announced

First Abu Dhabi Bank to acquire a majority stake in EFG Hermes for $560m.

Financials

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Transaction Value£414m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Acquisition

Private Equity

Pending

Majority

Private Equity

Egypt

bank

Cross Border

Public

Synopsis

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First Abu Dhabi Bank, an United Arab Emirates-based bank, agreed to acquire a majority stake in EFG Hermes, an Egyptian financial services company, for $560m The deal would give the UAE's biggest lender access to the Egyptian investment bank's strong franchise in the Middle East and North Africa region.

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