EFG Hermes in Merger Discussions

Egyptian investment bank EFG Hermes is in discussions with QInvest for a possible merger, writes Reuters. EFG Hermes Private Equity is not included in the discussions.

EFG Hermes and the Qatari Islamic investment bank are in talks for a tie-up of their securities brokerage, asset management and investment banking operations. EFG Hermes Private Equity is not included in the discussions, according to a statement.

Reuters – Egyptian investment bank EFG Hermes said on Monday it was in discussions with QInvest for a possible merger.

EFG Hermes and the Qatari Islamic investment bank are in talks for a tie-up of their securities brokerage, asset management and investment banking operations. EFG Hermes Private Equity is not included in the discussions, according to a statement. (Reporting by Nadia Saleem; Editing by Amran Abocar)