EFG Hermes concludes advisory to UBL Tanzania on the sale of assets and liabilities

TANZANIA – EFG Hermes, the leading financial cooperation in frontier emerging markets (FEM) has announced the successful completion of its advisory services to Pakistan’s United Bank Limited (UBL) on the sale of assets and liabilities of its Tanzania’s subsidiary UBL Tanzania (UBLT) to Exim Bank. EFG Hermes acted as the sole adviser to UBL on the transaction, which is part of the Pakistani bank’s strategy to reposition and realign itself globally, EFG said in a statement. “The transaction is a testament to our ability to successfully conclude cross-border mandates involving…

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