TendersInfo
November 2, 2012 Friday
Belgium : 10% of Armenian Araratbank shares are taken over by Belgian company
10% of shares of Armenian Araratbank are acquired by Belgian Incofin
Investment Management investment company, contracted by signing an
agreementbetween the bank and one of the structures of investment
company Rural Impulse Fund II (RIF II).
The agreement was inked by Geert Peetermans, Belgian company s
responsible for investment, Araratbank chairman Barsegh Beglaryan and
chairman of the bank s board Ashot Osipyan.
120 million euro is the total overall investment portfolio of RIF II.
The European Bank for Reconstruction and Development (EBRD) is the
owner of the part of shares, whereas Araratbank s control stock
belongs to the Armenian Flash oil trader.
Disclaimer: This article was contributed and translated into English by Kanayan Tamar. 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/2012/11/04/10-of-armenian-araratbank-shares-are-taken-over-by-belgian-company/