Hermes completes the Tamweel public offering in London

Urgent news from the United Arab Emirates, where EFG-Hermes said yesterday that it participated in the initial public offering of what it termed "one of the largest microfinance companies in the world. world "on the London Stock Exchange. Hermes said the operation, worth 125 million pounds ($ 164.16 million), was the first public offering of EFG-Hermes of Bangladesh.

According to the statement, Asa International (ASI), to which Hermes participated, serves nearly 1.9 million customers in 12 countries in Asia and Africa.

Hermes acted as co-manager of the agreement with Investec, while Citi Global Markets was the only global coordinator of the offer. Ali Khalabi, Managing Director of Emerging Markets at Hermes in London, said the transaction "is of particular importance for EFG-Hermes as the leading emerging and emerging marketer and underwriting company since the launch of its strategy for the first time. expansion". Hermes started to implement the emerging and emerging market expansion strategy in early 2017. This led to the opening of representative offices in Pakistan, Kenya and Bangladesh, as well as to the opening of offices in the United States. a license to operate in the United Kingdom (1965-19004). The Tamweel public offering in London is carried out by the site's search engine and has been transferred from the source (UAE newspaper) and does not reflect the site's vision or editorial policy. (function (d) {var js, id = – facebook-jssdk # if (d.getElementById (id)) {return;} js = d.createElement ('script') ; js.id = id; js.async = true; js.src = "http://connect.facebook.net/ar_AR/all.js#appId=&xfbml=1"; d.getElementsByTagName (& # 39; head &; # 39;) [0] .appendChild (js);} (document)); [ad_2]
Source link