EGX 30 Soars 5.11% This Week As New President Takes Office
Egyptian Exchange benchmark EGX30 index jumped 5.11 % this week, representing an increase of 240.98 points, ending…
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Planet IB
Planet Secured Less Than 2.5% of EFG Main Shareholders: Official
An attempt by a group of Egyptian and Arab Gulf investors to buy the Middle East's biggest home-grown investment…
EGX Main Index Soars 16.8% This Week Amid Morsi’s Victory
Egyptian Exchange’s benchmark EGX30 index jumped 16.79 % this week, representing an increase of 676.99 points,…
Planet’s Buyout Deal Is Just A ‘Hoax’, Propaganda
The Egyptian market witnessed a series of heated arguments broke out between EFG-Hermes Holding (HRHO.CA) and…
Planet Not To Go On Hermes Buyout Deal: CEO
Planet IB has closed EFG-Hermes (HRHO.CA) acquisition file after Egyptian Financial Supervisory Authority (EFSA)…
EGX 30 Retreats 8.7% In Week On Runoff Uncertain Results
Egyptian exchange main index EGX30 index sunk by 8.76 % this week, representing a retreat of 387.44 points, ending…
EGX30 Falls 1.57% In Week Amid Political Instability, Big Events
Egyptian Exchange (EGX) benchmark EGX30 index dipped by 1.57 % this week, representing a retreat of 70.51 points,…
AAIB Initially Approves To Finance Planet-Hermes Buyout Deal
Planet IB Consortium has gained an initial approval of Arab African International Bank (AAIB) to arrange a loan to…
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…
QInvest Deal Is Legally Binding: EFG-Hermes
A tie-up between Egyptian investment bank EFG Hermes (HRHO.CA) and Qatar's QInvest, approved by EFG shareholders on…
Egyptian Exchange Main Index 4.2% Down Amid Controversial Verdict
Egyptian Exchange benchmark EGX 30 index dipped by 4.2 % this week, representing a retreat of 196.87 points, ending…
Planet Says Sawiris Still Backs EFG-Hermes Buyout Deal
Egyptian billionaire Naguib Sawiris is still backing an attempted buy-out of investment bank EFG Hermes (HRHO.CA),…
Mona Zulficar: Planet Deal Is Not Serious … EFG-Hermes CEOs Are Innocent
Mona Zulficar, EFG-Hermes’ Board of Directors Chairperson, has asserted that Planet IB’s announcement of a buyout…
Sawiris To Drop Support For Planet Buyout: EFG-Hermes Source
Egyptian billionaire Naguib Sawiris will drop out of a buy-out consortium targeting investment bank EFG Hermes…
Planet IB To Match Guarantees Ahead of Its Due Diligence Process
Planet IB is preparing to immediately begin due diligence on an offer to acquire 100% of EFG Hermes Holding SAE…
EFG-Hermes Says To Take Legal Steps Against Planet IB
Egypt's EFG Hermes (HRHO.CA) said on Monday it was taking "legal measures" to protect shareholders after a group of…
EFG-Hermes Shareholders Against QInvest Buyout Deal
A number of EFG-Hermes Group (HRHO.CA) shareholders is considering to collect the lawful percentage of 5% which are…
Sawiris Backs Planet IB’s Bid For EFG-Hermes
Egyptian billionaire Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG…
Planet IB: Hermes Must Stop Any Alternative Transactions If Interested
Planet IB, that is seeking control of EFG hermes, the leading investment bank in the arab world, issued a…
El Mallawany: Planet Offer Not Rejected, But Must Get EFSA Approval If Serious
Yasser El Mallawany, CEO of EFG-Hermes Holding, has denied selling all his investments in the Egyptian market.…