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Article: EFG-Hermes to market Goldman Sachs IPO in region.(Statistical Data Included)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- April 23, 1999
CopyrightCOPYRIGHT 1999 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EFG-Hermes to market Goldman Sachs IPO in region
Egyptian finance house EFG-Hermes has been selected as part of the team promoting the initial public offering (IPO) of shares in the Goldman Sachs Group, which is expected to raise some $3,800 million. EFG-Hermes will be working on the Asia-Pacific tranche, which includes the Middle East. "It is a sign of the new levels being reached by Egypt and EFG-Hermes that we have been picked for such a prestigious deal," says Hassan Heikal, head of investment banking operations at the company. Kuwait-based Gulf Investment Corporation was also reported to be part of the team, but this could not be confirmed as MEED went to ...