Raiffeisen To Complete Aval Deal By December 15.
21 September 2008
Raiffeisen International Bank-Holding, which in late August acquired 93.5% stake in Aval, plans to complete the deal by December 15, 2005. Concorde Capital: After the deal is registered with the Austrian and Ukrainian authorities, Aval?s minority shareholders could see a buy-out offer from Raiffeisen. As it was announced by Aval?s CEO, the minority shareholders would have the right to sell their shares up to six months after the finalization of the acquisition at the deal price. The price of the deal has not been disclosed to public yet.
