EFG Hermes concludes advisory on Credit Agricole S.A’s purchase of 4.80% stake in Credit Agricole Egypt

Daily News Egypt
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As sole financial advisor and bookrunner, EFG Hermes, announced Thursday that it has successfully concluded advisory on Credit Agricole S.A’s accelerated direct purchase of a 4.80% stake in Credit Agricole Egypt S.A.E.

Additionally, Zulficar & Partners acted as legal advisor to Credit Agricole S.A with regards to this accelerated direct purchase. 

Also, EFG Hermes is preparing seven offerings on Saudi Tadawul and Abu Dhabi Securities Exchanges. The group is preparing to complete about four to five offerings on the Gulf stock exchanges during 2022, out of a total of the seven it is currently managing. During the past 12 months, the total value of primary and secondary offerings in the GCC markets exceeded $2bn.

However, it ruled out the possibility of completing the offerings on EGX this year due to the current market conditions.

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