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Straujuma: price of Citadele bank shares is EUR 98.67 mln

BC, Riga, 30.09.2014.Print version
The total price of Citadele bank shares is EUR 98.67 million, Prime Minister Laimdota Straujuma (Unity) said in an interview with the Latvian Television show "Rita panorama" this morning, reports LETA.

She said that by signing an agreement with the investor, Latvia will be paid the price in a single payment by March 2015.

 

The government is currently holding negotiations with the investor to discuss several conditions, for example, the bank's resale terms, funding conditions, etc.

 

Straujuma admitted that it is very likely that the new owner of Citadele will consider reselling the bank in the coming five years, however, Straujuma refused to reveal the possible resale term.

 

She stressed that attracting such high-level investors is a positive signal to the world proving that Latvia has save investment environment.

 

Previously Straujuma announced that the total price of the bank's shares is nearly EUR 100 million. Thus, 75% of Citadele shares would be sold for about EUR 74 million, Straujuma indicated. Discussions on sale conditions are still in progress, she added.






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