Mubasher: Dubai Financial Group, a subsidiary of Dubai Group, has sold its 11.8% stake in EFG-Hermes Holding Company to Natixis Group, according to a recent statement.
Natixis is a European banking leader that has an extensive international presence with offices across Europe, the Americas, Africa, Asia, and Australia.
“The sale of our stake in EFG Hermes is consistent with the business plan for Dubai Group, which was agreed with its lenders as part of the restructuring agreement,” chairman of Dubai Group Fadel Al Ali said.
