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EFG Hermes Appoints Goldman Sachs & White &case for FAB acquisition

EFG Hermes (HRHO) is set to appoint “Goldman Sachs” as the financial advisor to consider the offer submitted by First Abu Dhabi Bank (FAB) to acquire a majority of no less than 51% of the company’s shares.

The Board also has decided to appoint “White &case” as legal counsel to advise the Board on the non-binding purchase offer.