Dubai Financial Group (‘DFG’), a subsidiary of Dubai Group, has sold its 11.8% interest in EFG-Hermes Holding Company S.A E (“EFG”) to Natixis Group (“Natixis”). A European banking leader, Natixis has an extensive international presence with offices in Europe, the Americas, Africa, Asia and Australia.
Fadel Al Ali, Chairman, Dubai Group, commented: “The sale of our stake in EFG Hermes is consistent with the business plan for Dubai Group, which was agreed with its lenders as part of the restructuring agreement”.
About Dubai Group
Dubai Group is a diversified financial services company focusing on banking, investments and insurance in developing economies.
For media queries on Dubai Group, please contact:
Direct +971 56 1742230