News Middle East05 Jan 2020

Egypt:EFG Hermes, GB Auto to acquire stakes in life insurer

05 Jan 2020

EFG Hermes, through its non-banking financial arm EFG Hermes Finance Holding, and GB Auto, through GB Capital, have announced their entry into a definitive sale and purchase agreement (SPA) to acquire a 75% stake in life insurance player Tokio Marine Egypt Family Takaful in a deal worth EGP84.75m ($5.3m).

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