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Armeconombank plans an IPO and holds talks with the London exchange

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  • Armeconombank plans an IPO and holds talks with the London exchange

    Mediamax Agency, Armenia
    Feb 23 2007

    `Armeconombank' plans an IPO and holds talks with the London exchange

    Yerevan, February 23 /Mediamax/. `Armeconombank' plans to realize an
    IPO in 1.5 year and holds talks with the London exchange, the
    Executive Director of the bank David Sukiasian said today.

    Mediamax reports that David Sukiasian stated that it is necessary to
    carry out certain procedures to organize and IPO on international
    exchanges.

    He noted that the receiving a rating by the Moody's Investors Service
    is one of the steps along the path of `Armeconombank' to IPO.
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