Sources say EFG Hermes in talks to acquire stake in Bio Pharma Egypt

M&A WATCH- EFG Hermes is reportedly looking to acquire a controlling stake in Bio Pharma Egypt by buying BPE Partners’ Midcap fund’s shares, sources told Al Mal. The transaction would be part of EFG Hermes’ merchant banking operations, the source says, suggesting the transaction would be warehoused for EFG’s Rx Healthcare Fund.