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Discontinuation of combination talks

3 Nov 2008 07:30

RNS Number : 2533H
Bank Audi SAL- Audi Saradar Group
03 November 2008
 



FOR IMMEDIATE RELEASE 

PRESS RELEASE

Beirut, 3 November, 2008

Bank Audi sal - Audi Saradar Group and EFG-Hermes Holding Company sae jointly announce that, in light of current financial market conditions, they have discontinued their discussions regarding a possible combination of the two institutions.

The parties confirm that they will continue their collaboration on a number of projects and activities which add value to their respective customers and shareholders base.

 

Bank Audi sal – Audi Saradar Group
 
 
Beirut
EFG-Hermes Holding Co, sae
 
Cairo

This information is provided by RNS
The company news service from the London Stock Exchange
 
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