EFG Hermes Holding's Board has decided to appoint an international financial adviser and an Egyptian law firm to advise the company on the non-binding offer (NBO) submitted by First Abu Dhabi Bank (FAB). 

 

The NBO is to launch a mandatory tender offer for a minimum of 51% of the share capital of the company.

 

All developments in connection with this potential transaction will be promptly disclosed to the market, the board said following a meeting on Thursday (Feb 10). - TradeArabia News Service