Dronamics, Qatar Airways Cargo team up for drone services
Ryanair to launch operations at Sarajevo airport with 5 routes in 2024
Air Montenegro to launch four new summer routes in 2024
Greece-Bulgaria hydrogen link poised to get EU funding
N. Macedonia unveils 662 mln euro package in support of citizens, firms
Oct 02, 2007 12:03 EEST
CHISINAU (Moldova), October 2 (SeeNews) – Individual Slovenian investor Milena Logar has offered to pay 103 million lei ($9.07 million/6.39 million euro) for 51,500 shares in Moldova's largest bank by assets Moldova-Agroindbank, the Moldovan Securities Commission CNPF said on Tuesday.
Logar offered to buy 51,500 shares at a price of 2,000 lei per share, the CNPF said in a statement. The offer will be valid for 30 days.
You can subscribe to our M&A newsletter here
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=16.1306 Moldovan lei)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options