Sun Jun 12, 2016/Reuters Egypt’s EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to shareholders and step up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais, it said on Sunday. Having completed the $310 million stake sale last week, Egypt’s largest investment […]
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Privately-held Kenyan firm says plans to buy 23 pct stake in Britam
Mon Jun 13, 2016/Reuters Kenya’s Plum LLP plans to buy a 23.34 percent stake in insurer British-American Investments Co (Britam) that had been seized by the government of Mauritius from a disgraced businessman in 2015, the privately owned firm said on Monday. Plum said it expected the acquisition was expected […]
Asia stocks plummet, yen soars as risk aversion grips markets
Mon Jun 13, 2016/Reuters By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks fell the most in more than four months and the Japanese yen jumped on Monday as risky assets took a hammering before key central bank meetings this week and while investors await Britain’s stay-or-go referendum on European […]
