HSBC acquires stake in Egypt's EFG Hermes

HSBC's purchase was disclosed in a regulatory filing with the Egyptian Exchange. It said HSBC paid an average of 10.15 Egyptian pounds ($1.68) per share for 32.3 million shares. EFG stock closed at 11.23 pounds on Tuesday.


http://www.arabianbusiness.com/hsbc-acquires-stake-in-egypt-s-efg-hermes-464551.html