DATE:
13/05/2008
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