ROSEXIMBANK FIRST TO CONDUCT DUE DILIGENCE AT BIOCHIM

Business | January 15, 2002, Tuesday // 00:00

Roseximbank is the first candidate buyer of Biochim bank that will conduct due diligence at Biochim, Nelly Kordovska, CEO of the Bank Consolidation Company said. That will most probably take place next week. Confidentiality agreements have been signed with Roseximbank, Hebrosbank and the Commercial Bank of Greece. The banks have requested a memorandum, requesting information on Biochim’s financial performance. The directors of the Bank Consolidation Company will meet by the end of the week to decide on the criteria for the selection of the buyer, the price and the strategy for Biochim’s development. Bank Austria, Societe Generale-Paris, Bulbank and TBI holding have shown interest in the purchase of Biochim.

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