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Raiffaisen Moves Up Date Of Aval Deal.

Raiffaisen Moves Up Date Of Aval Deal.

13 October 2008

Raiffaisen International intends to speed up the completion of the acquisition deal for a 93.5% stake in Aval Bank (BAVL: BUY). The company plans to close the deal in late October-early November. Earlier Raiffaisen said it would close the deal in December. Aval?s EGM is planned for December 2, 2005. The changes in its Supervisory Board, Revision commission as well as bank?s Charter will be on the agenda.

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