Aval's Acquisition Complete.
21 October 2008
On October 20, 2005, Raiffeisen International obtained the National Bank’s authorization to acquire a 93.5% stake in Aval, officially sealing the deal. Concorde Capital: Aval’s minority shareholders are anxiously waiting to see the promised buy-out offer from Raiffeisen. The shareholders will have the right to sell their shares up to six months after the finalization of the acquisition at the deal price. As it was announced the deal was closed at USD 1.028 bln, implying USD0.0735 per share.
