An Egyptian investment bank has become one of the largest shareholders in Panmure Gordon after buying close to a 10% stake in the UK broker.

EFG-Hermes has spent Â£3.2m (â¬4.1m) buying a 9.97% stake in Panmure Gordon and said the investment would lead to the development of a partnership, which would have âvery real benefits for our respective clientsâ.

Egyptian bank buys 10% stake in UK broker

Harry Wilson

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