EBRD MAY NOT GET MINORITY STAKE IN DSK BANK

Business | May 10, 2002, Friday // 00:00

The government could not realize its initial plans to sell between 10% - 15% in state ?owned DSK Bank to EBRD as part of its privatization strategy for the bank. That emerged after a statement of Deputy Finance Minister Kiril Ananiaev. ?The sell-off has generated huge interest and we think it would be wiser to sell the bank as a whole instead of attracting an investor such as EBRD who is to have a minority stake in the bank. Participation of EBRD could slow down the sale and lead to conflicts between current and new owners,? Ananiev explained.
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