Dubai Financial Sells 12% EFG-Hermes Stake to Natixis

  • Sale made as part of parent’s debt restructuring agreement
  • EFG-Hermes stake worth $107 million at Thursday’s price

Dubai Financial Group LLC, an investment company owned by Dubai’s ruler, sold its 12 percent stake in EFG-Hermes Holding SAE to French bank Natixis SA as part of a debt repayment plan.

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