Bank Of Baku

Near 25% of IBA’s shares to be privatized

Near 25% of IBA’s shares to be privatized
# 15 April 2011 10:40 (UTC +04:00)
To him, some part of bank’s shares is considered to sell to any foreign strategic investor: “The main intention is to attract foreign investor into the row of bank’s shareholders. During the preliminary period, 20-25% of bank’s shares will be sold to strategic investor. Then, in future, another part maybe privatized”.

Moreover, he noted that, Azerbaijani side is not considering the candidacy of any concrete organization which can be a potential investor: “Financial adviser will be engaged in this issue”.
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