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Bulgaria's Doverie-Invest takes control of Moldindconbank's supervisory board

Author Mario Tanev
Bulgaria's Doverie-Invest takes control of Moldindconbank's supervisory board Moldova

SOFIA (Bulgaria), December 4 (SeeNews) - Bulgaria's Doverie United Holding [BUL:5DOV] said on Thursday that a new supervisory board of Moldovan lender Moldindconbank has been appointed, with four out of its five members selected by the holding's unit Doverie-Invest.

The fifth member of the supervisory board was selected by the minority shareholders of Moldindconbank, Doverie United Holding said in a statement.

Doverie-Invest acquired 77.63% interest in Moldindconbank earlier this year. Initially, Doverie-Invest purchased a stake of 63.89% in a public tender, before adding a further 13.73% through a buyout bid.

Moldindconbank had remained under temporary administration by Moldova's central bank until the new board was appointed.

Doverie United Holding owns majority stakes in over 20 companies active in various sectors of the economy, including healthcare, insurance, banking, retail trade, real estate, and others.

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