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EFG Hermes concludes advisory role in $50m sale of Fawry shares

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EFG Hermes concludes advisory role in $50m sale of Fawry shares

EFG Hermes acted as sole bookrunner of the Fawry shares transaction on behalf of the selling shareholders


EFG Hermes has successfully concluded its advisory role on the follow-on sale of $50m worth Fawry shares, representing about 7% of the e-payment company’s shares listed on the Egyptian Exchange (EGX).

EFG Hermes acted as sole bookrunner of the Fawry shares transaction on behalf of the selling shareholders, namely: the Egyptian American Enterprise Fund; Link HoldCo BV (Helios); International Finance Corporation; the National Bank of Egypt (NBE); Banque Misr; and a group of Fawry employees.

“We are proud to continue to work with a compelling investment story such as Fawry, following the successful initial public offering of the company’s shares on the Egyptian Stock Exchange,” said Mostafa Gad, Co-Head of Investment Banking at EFG Hermes, “I am also proud of the investment banking team’s ability to successfully execute consecutive transactions spanning enterprise content management (ECM), debt capital markets (DCM) and mergers and acquisitions (M&A), despite the challenging conditions facing Frontier Emerging Markets.”

 

EFG Hermes was ranked first on the ECM ranking league tables for the Middle East & North Africa (MENA) region for the first half (H1) of 2020. This $50m deal marks EFG Hermes’ second ECM in 2020, following the $700m IPO of leading Saudi Arabian private healthcare operator Dr Sulaiman Al Habib Medical Group on the Saudi Stock Exchange (Tadawul).

Topics: EFG Hermes Fawry

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https://dailyfeed.dailynewsegypt.com/2020/07/29/efg-hermes-concludes-advisory-role-in-50m-sale-of-fawry-shares/
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