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

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

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

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2007/12/04/russias-gazprombank-buys-80-stake-in-armenias-areximbank/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS