BRIEF-EFG Hermes continues to divest its remaining stake in Crédit Libanais
Aug 15 (Reuters) - EFG HERMES HOLDINGS
* CONTINUES TO DIVEST ITS REMAINING STAKE IN CRÉDIT LIBANAIS FOLLOWING SALE OF ITS MAJORITY STAKE IN BANK AND ITS SUBSEQUENT DECONSOLIDATION IN Q2 OF LAST YEAR
* IN Q2 2017, CO OFFLOADED ADDITIONAL 3.65 PERCENT OF CRÉDIT LIBANAIS’ SHARES, LEAVING FIRM WITH 9.46 PERCENT STAKE AT END OF PERIOD
* EMPLOYEE EXPENSES STOOD AT 39 PERCENT OF OPERATING REVENUES IN Q2, DESPITE HIGHER OVERSEAS SALARIES FOLLOWING FLOAT OF EGYPTIAN POUND, INFLATIONARY PRESSURE Source: (bit.ly/2uJV8n1) Further company coverage: