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Planet IB Limited Interested to Place Tender Offer to Acquire 100% of EFG Hermes Holding SAE
EFG Hermes Holding SAE announced that its Chairperson received a letter via email from a company named Planet IB Limited expressing interest to place a tender offer to acquire 100% of EFG Hermes Holding listed shares, in accordance with the Egyptian Capital Markets Law and Executive Regulations. As per the letter, Planet IB Limited has been established with a special purpose to complete this acquisition and will encompass a number of Arab investors and Egyptian bankers. The letter did not include any information of the acquirer, tender offer price, or any other additional information. Moreover, any tender offers should be submitted to the Egyptian Financial Supervisory Authority (EFSA).
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