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RUSSIA'S GAZPROMBANK BUYS ARMENIA'S AREXIMBANK
Forbes
Jan 25 2008
NY
YEREVAN (Thomson Financial) - Russia's Gazprombank has bought 80.09
pct of one of Armenia's largest retail banks, Areximbank, and is in
negotiations with Austria's Raiffeisen International to buy the rest,
Gazprombank vice-president Olga Kazanskaya said toady.
Details of the deal were not disclosed. The bank will be renamed
Gazprombank of Armenia by the end of the year, Kazanskaya said at a
press conference.
She said Gazprombank, controlled by Russian gas giant Gazprom, would
be seeking to finance energy projects in Armenia with ArmRosGazprom,
a joint Russian-Armenian company that controls natural gas pipelines
feeding Russian gas to Armenia.
From: Emil Lazarian | Ararat NewsPress
Forbes
Jan 25 2008
NY
YEREVAN (Thomson Financial) - Russia's Gazprombank has bought 80.09
pct of one of Armenia's largest retail banks, Areximbank, and is in
negotiations with Austria's Raiffeisen International to buy the rest,
Gazprombank vice-president Olga Kazanskaya said toady.
Details of the deal were not disclosed. The bank will be renamed
Gazprombank of Armenia by the end of the year, Kazanskaya said at a
press conference.
She said Gazprombank, controlled by Russian gas giant Gazprom, would
be seeking to finance energy projects in Armenia with ArmRosGazprom,
a joint Russian-Armenian company that controls natural gas pipelines
feeding Russian gas to Armenia.
From: Emil Lazarian | Ararat NewsPress