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.
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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)