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Nov 28, 2007 13:46 EEST
November 28 (SeeNews) - Individual Slovenian investor Milena Logar bought a 1.12% stake in Moldova’s largest bank by assets Moldova-Agroindbank for 23.3 million lei ($2.1 million/1.4 million euro), the Moldovan Securities Commission CNPF said on Wednesday.
Logar bought 11,650 shares at a price of 2,000 lei each per share, the CNPF said in its weekly Capital Market.
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On September 30 Logar offered to pay 103 million lei for 51,500 shares representing a 4.96% stake in Moldova-Agroindbank. However, shareholders offered to sell her only 11,650 shares. The offer was valid for 30 days.
The bank's capital is divided in 1,037, 634 shares with a par value of 200 lei each.
Four Slovenian companies jointly bought 20% of Moldova-Agroindbank for 122.4 million lei in March 2006. The buyers were commercial bank Factor Banka, investment company Poteza, Activa Invest and Druga Penzija. The stake was previously owned by the European Bank for Reconstruction and Development and the Western NIS Enterprise Fund (WNISEF), a private equity fund. The remaining shares are in the hands of individual and corporate minority shareholders.
Moldova-Agroindbank, established in 1991, extends around 23% of all loans in the country and holds 22% of the deposits in Moldova's banking system. The bank has some 65 branches and 23 representative offices in the country.
(1 euro=16.557 Moldovan lei)
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