Cairo – Mubasher: EFG Hermes said Sunday that its subsidiary, EFG Hermes Frontier Hollings, has completed the acquisition of a 51% stake in Pakistan’s Invest Finance Securities Limited (IFSL).
The deal includes the purchase of about 10.2 million shares for 153 million Pakistani rupees ($1.45 million), with an average of 15 rupees per share, according to a bourse filing.
The stock rose on Thursday by 0.78% to EGP 25.72.
