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Legelata advises agRIF Cooperatief U.A of the Netherlands in acquisition of stake in Inecobank cjsc of Armenia

12.06.2018 16:49

Legelata advises agRIF Cooperatief U.A of the Netherlands in acquisition of stake in Inecobank cjsc of Armenia

YEREVAN, June 12, /ARKA/. AGRIF COOPERATIEF U.A. is a fund managed by Incofin Investment Management in Belgium. Incofin Investment Management is an alternative fund manager which are focused on investments in emerging countries and are driven by desire to promote inclusive progress. Leading investors of agRIF Cooperatief U.A are leading development funds, banks, insurance companies, pension funds, high net worth and retail investors.

With completion of the transaction AGRIF COOPERATIEF U.A acquired from International Finance Corporation and DEG - Deutsche Investitions- und Entwicklungsgesellschaft around 10% stake in the equity capital of Inecobank cjsc of Armenia in May 2018. Inecobank cjsc is one of the leading banks in Armenia and South Caucasus region, focused on individual customers, small and middle market business and large corporations offering the full range solutions.

“We are very pleased with assistance of Legalata. The team in Legelata has been very pro-active and available any time of the day working to meet the tight deadlines for regulatory permits. We are very satisfied with the competence and polished negotiation skills that Legelata contributed to this transaction: reiterated Ms. Goedele Van de Plas, Legal Counsel of Incofin Investment Management.

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