{"id":649938,"date":"2017-03-13T04:11:47","date_gmt":"2017-03-13T04:11:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/efg-hermes-subsidiary-finalizes-pakistan-brokerage-majority-stake-acquisition\/"},"modified":"2017-03-13T04:11:47","modified_gmt":"2017-03-13T04:11:47","slug":"efg-hermes-subsidiary-finalizes-pakistan-brokerage-majority-stake-acquisition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/efg-hermes-subsidiary-finalizes-pakistan-brokerage-majority-stake-acquisition\/","title":{"rendered":"EFG Hermes subsidiary finalizes Pakistan brokerage majority stake acquisition"},"content":{"rendered":"<p><strong>EFG Hermes subsidiary finalizes Pakistan brokerage majority stake acquisition: <\/strong>EFG Hermes Frontier Holding, a wholly-owned subsidiary of EFG Hermes, <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/200000_1.pdf\">has finalized<\/a> the acquisition of a 51% stake in Pakistani brokerage <a href=\"http:\/\/www.investfinance.com.pk\/\">Invest and Finance Securities Limited<\/a>. The transaction, agreed to in <a href=\"https:\/\/enterprise.press\/stories\/2016\/08\/28\/efg-hermes-subsidiary-acquires-pakistani-investment-company\/\">August<\/a>, was closed at a price of PKR 15 per share for a total of PKR 153.12 mn (c. USD 1.46 mn).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649938","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"269d34a1-4fc9-4b6d-a4e8-e07e92b3f0b1","order":"0","is_powered_by":true,"section_story_id":"1eb1039a-22f6-4a01-8f64-7e63ea558ca7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649926],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes subsidiary finalizes Pakistan brokerage majority stake acquisition - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/efg-hermes-subsidiary-finalizes-pakistan-brokerage-majority-stake-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes subsidiary finalizes Pakistan brokerage majority stake acquisition\" \/>\n<meta property=\"og:description\" content=\"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. 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Subsidiary EFG Hermes Kenya announced it obtained a license to provide brokerage services on the Kenyan exchange, according to a bourse statement. 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