EFG Hermes subsidiary finalizes Pakistan brokerage majority stake acquisition

EFG Hermes subsidiary finalizes Pakistan brokerage majority stake acquisition: EFG Hermes Frontier Holding, a wholly-owned subsidiary of EFG Hermes, has finalized the acquisition of a 51% stake in Pakistani brokerage Invest and Finance Securities Limited. The transaction, agreed to in August, was closed at a price of PKR 15 per share for a total of PKR 153.12 mn (c. USD 1.46 mn).