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Parex searches for appropriate buyer

Jan 28, 2010
Staff and wire reports

RIGA - Parex bank Chief Executive Officer Nils Melngailis says that the sale of the bank, expected to take place this year, “could be one of the biggest and most complicated deals in Baltic history,” reports news agency LETA. He adds that finding a buyer for the banking group is unlikely before the end of March, though it could happen before summer. Melngailis believes as well that it would be preferable that the bank and its real estate fund be taken over by one buyer, or by a gr ...

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