Egypt’s EFG Hermes advising on 4-5 acquisitions

Egypt’s EFG Hermes is advising on 4-5 acquisitions expected to close before the end of the year, Mostafa Gad, co-head of EFG Hermes’ investment banking division, said on Sunday.

The acquisitions are exceeding 2 billion Egyptian pounds ($120.5 million) and are mainly in the financial services as well as industrial and customer sectors, Gad told Amwal Al Ghad.

They are mostly in favour of foreign investors and institutions, he added.