EFG Hermes eyes start-ups after AIB deal, says CEO

EFG Hermes eyes start-ups after AIB deal, says CEO

CAIRO — Egyptian investment bank EFG Hermes Holding is targeting minority stakes in start-ups after its acquisition of a majority stake in state-owned Arab Investment Bank, its chief executive said on Sunday. The acquisition of the 51% stake will be finalized in the third quarter and will be financed from the bank’s internal resources, CEO…