EFG Hermes in talks to acquire Primera Africa to expand its business: Fahmi

Egyptian investment bank EFG Hermes reiterated it is in talks to acquire a Nigerian brokerage and chasing private sector initial public offerings, co-head of investment banking Mohamed Fahmi said.

EFG Hermes in July said it plans to acquire Primera Africa as it pushes to expand its capital market business across frontier markets.

EFG Hermes is chasing private sector IPOs and mid-market mergers and acquisitions, Fahmi said.