NSGB Assigns HC Securities As Financial Adviser For QNB Deal

National Société Générale Bank (NSGB) has assigned HC Securities as independent financial adviser for the offer submitted by Qatar National Bank (QNB) to acquire NSGB’s shares.

The Egyptian Financial Supervisory Authority (EFSA) had earlier announced that an obligatory tender offer submitted by QNB, according to Article no. 12 of the Executive Regulations of Law no. 95 for the year 1992, to buy up to 443,535,902 shares representing 100 % of NSGB shares at EGP 38.65 /share.