AIB acquires stake in Bulgarian bank

AIB has entered into an agreement to acquire a 49.99% stake in Bulgarian-American Credit Bank (BACB) for €216m.

AIB acquires stake in Bulgarian bank
Fri, 22 Feb, 2008 - 08:57
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AIB has entered into an agreement to acquire a 49.99% stake in Bulgarian-American Credit Bank (BACB) for €216m.

BACB is a specialist provider of secured finance to small and medium sized companies in Bulgaria and AIB is buying the stake from BACB's majority shareholder the Bulgarian-American Enterprise Fund.

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CourtsBusinessHeathrowPlace: BulgariaPlace: USPlace: centralPlace: Eastern EuropePerson: Eugene SheehyPerson: CEOOrganisation: AIBOrganisation: Bulgarian-American Credit BankOrganisation: BACBOrganisation: -American Credit BankOrganisation: Enterprise FundOrganisation: BAEFOrganisation: US CongressOrganisation: Bulgarian Stock Exchange
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