BELARUS NEWS AND ANALYSIS
DATE:
13/02/2008
Commerzbank may take majority stake in Belarus's Belinvestbank - report
MINSK (Thomson Financial) - Germany's Commerzbank AG is interested in buying a controlling stake in Belarusian bank Belinvestbank, an industry source told Interfax.
"Though this purchase by no means a certainty, the German bank is expressing cautious optimism," the source said.
"If there will be a purchase, then Commerzbank expects to receive a controlling packet."
Belinvestbank head Alexander Rutkovksy confirmed to Interfax that negotiations had been under way, without providing further details.
A Commerzbank spokesman declined to comment.
The Russian new agency report also said that Belinvestbank and three other state-owned banks may not be sold until 2011.
Source:
http://www.iii.co.uk/news/?type=afxnews&articleid=6546569&subject=companies&action=article
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