Russia’s Gazprombank Buys Armenia’s Areximbank

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

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/2008/01/26/russias-gazprombank-buys-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