Dubai Financial Group sells its interest in EFG-Hermes
Dubai Financial Group sells its interest in EFG-HermesAugust 14, 2016
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”.
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