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Russia's Gazprombank buys 80% stake in Armenia's Areximbank

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  • Russia's Gazprombank buys 80% stake in Armenia's Areximbank

    Prime-Tass English-language Business Newswire
    November 30, 2007 Friday 5:48 PM EET


    Russia's Gazprombank buys 80% stake in Armenia's Areximbank

    MOSCOW Nov 30


    Russia's Gazprombank has closed a deal to buy a 80.09% stake in the
    Armenian-Russian Export-Import Bank, or Areximbank, Gazprombank said
    in a statement Friday.

    The value of the deal wasn't disclosed.

    Gazprombank, the banking arm of Russia's natural gas monopoly
    Gazprom, owns a bank in Belarus and has a representative office in
    China.

    From: Emil Lazarian | Ararat NewsPress
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