06.03.2019 19:29
YEREVAN, March 6, /ARKA/. Today Inecobank CJSC has announced the completion of a private transaction between the European Bank for Reconstruction and Development (EBRD) and US based developing World Markets (DWM) investment company, according to which the later acquired part of EBRD shares of Inecobank CJSC. Under the terms of this transaction, DMW becomes a shareholder with 5% of the total shares at Inecobank CJSC.
“We are excited to welcome such a reputable institution as DWM as a shareholder of Inecobank. The acquisition of Inecobank shares marks the entry of DWM in the Armenian market, expanding its presence in the region,” said Inecobank’s Chairman and major shareholder Avetis Baloyan.
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