Planet Deal Serious, EFG-Hermes Showed No Interest: Al-Housseiny

Planet IB stated that it is ready to submit copies of investors’ letters of approvals to offer capital investments and finance packages required to complete acquisition deal over EFG-Hermes (HRHO.CA), in order to get BOD approval to start due diligence review before submitting the mandatory offer.

Ahmed Al-Houssieny, CEO of Planet, stated that Hermes neither requested these letters nor showed interest about the proposed offer, Alborsa newspaper reported.