EFG-Hermes says no regulator objections to Qatar deal
Monday, 15 October 2012
CAIRO: Egypt's regulator has no objections to the deal between EFG-Hermes and QInvest of Qatar to create an investment bank, the Egyptian investment bank said on Monday, giving a green light for the tie-up to go ahead.
"The Egyptian Financial Supervisory Authority certified, with no reservations ..., (EFG-Hermes') Extraordinary General Meeting minutes that was held on Sunday Sept. 16, 2012 to approve the company's strategic alliance with QInvest," EFG-Hermes said in a statement.
The statement was sent to the Egyptian and London stock exchanges. (Reuters)