EFG Hermes advises eFinance on planned Tamweely acquisition for up to EGP 956.4 million cash plus shares
Reuters2026/08/13 17:49- EFG Hermes advised eFinance on a proposed full acquisition of Tamweely Financial Services, expanding into regulated MSME lending.
- Consideration combines cash, newly issued eFinance shares, performance-linked earnout; includes 146,100,000 new shares, about 4% of enlarged capital.
- Upfront cash consideration set at up to EGP 956.4 million.
- Closing targeted for the second half of 2026, subject to shareholder vote and regulatory clearances.
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