Category «News Releases»

Planet IB Will Match Guarantees and Legal Obligations Provided by Competitor Ahead of Its Due Diligence Process

Planet IB stands ready to immediately begin due diligence in advance of an intended tender offer for 100% of EFG Hermes Holding. Planet IB has disclosed having in place debt and holding equity commitments from leading Egyptian and regional investors whose long-standing commitment to investing in Egypt is proven. Planet IB informed the Chairperson of …

Planet IB Intends to Submit Offer to Acquire 100% of Regional Investment Bank EFG Hermes Holding

A consortium led by international investment and commercial banking professionals intends to make a tender offer for up to 100% of leading regional investment bank EFG Hermes to enhance shareholder value; prominent Egyptian business leaders and leading Arab investors have made equity commitments to the bid Planet IB Ltd., a firm led by international professionals …