EFG Hermes moots RBS Pakistan offer
Egypt's investment bank, EFG Hermes has asked for a permission to carry out due diligence on the Pakistan assets on Royal Bank of Scotland (RBS), ahead of a potential offer for RBS Pakistan, Meed magazine has reported. In March 2009 RBS announced that it was planning a $300bn sell off of assets to boost its balance sheet. Included in this were the bank's Middle East operations.




