Selling process of Rabitabank’s 25% share to 2 strategic investors to be completed this month

Selling process of Rabitabank’s 25% share to 2 strategic investors to be completed this month
# 02 March 2011 11:15 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Selling process of Rabitabank’s 25% share to 2 strategic investors – European Bank for Reconstruction and Development and International Financial Corporation will be completed during March, 2011, Deputy Chairman of Board of Directors Elchin Gadimov told APA.

According to him, additional share emission of bank will be held within this process, in March. Sold share will be paid and share envelopes will be presented to 2 new shareholders.

Remind that, Rabitabank has been in operation since 1993.
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THE OPERATION IS BEING PERFORMED