State's stake in Krajbanka on the block

Feb 13, 2003
Thomas Foulquier

RIGAThe government of Latvia, the last Baltic state to hold assets in the banking sector, has approved the terms for privatizing its remaining one-third stake in Latvijas Krajbanka.Analysts applauded the decision, as it demonstrates the government's willingness to jettison its remaining stakes in public companies and will lead to better growth prospects for the bank, the country's ninth largest financial institution in terms of assets.According to the government's plan, a majority of the state-o ...

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