04 Jun 2012 01:10 PM
CAIRO - Egypt's EFG Hermes (HRHO) said on Monday it was taking "legal measures" to protect shareholders after a group of investors offered to buy the company at a premium to the market price.
EFG has dismissed as not serious the offer by Planet IB, which includes Egyptian businessman Naguib Sawiris, former AlexBank Chairman Mahmoud Abdel Latif and a member of the ruling family of the Gulf emirate of Sharjah.
EFG has dismissed as not serious the offer by Planet IB, which includes Egyptian businessman Naguib Sawiris, former AlexBank Chairman Mahmoud Abdel Latif and a member of the ruling family of the Gulf emirate of Sharjah.
