BELARUS NEWS AND ANALYSIS

DATE:

13/05/2008

Bank of Georgia says to buy 70 pct of Belarusky Nardony Bank for $34.2 mln

LONDON (Thomson Financial) - JSC Bank of Georgia said it has agreed to buy a 70 percent stake in Belarusky Nardony Bank (BNB) in Belarus for a total of $34.2 million and that it has an option to acquire the remaining 30 percent equity interest in BNB over the next three years.

The company said BNB will continue to operate as a standalone bank owned and controlled by Bank of Georgia.

Source:

http://www.forbes.com/markets/feeds/afx/2008/05/13/afx5000706.html

Google