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Invalda intends to sell Finasta bank
Danuta Pavilenene, BC, Vilnius, 04.03.2009.
Print version
Print versionThe investment company Invalda, overburdened with debts, searches for a buyer of its bank Finasta operating from September 2008. Invalda President Darius Sulnis did not comment on the intentions of the company and did not indicate whether Invalda would sell a 100-% holding of its controlled investment bank.
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Analysts doubt the possibility of selling the bank, since now the financial sector is not very popular, reports ELTA.
Theoretically, the investment company could receive from 10 million litas (2.93 million euros) to 20 million litas (5.85 million euros) for Finasta. In 2008, pre-audited consolidates losses of the Invalda group incurred by shareholders amounted to 86.24 million litas (25.248 million euros).
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