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. Last Updated: 07/27/2016

EBRD Buys Into Banks

RIGA, Latvia () -- The European Bank for Reconstruction and Development is planning to take more equity stakes in banks in the Baltic states of Latvia and Estonia, an EBRD banking specialist said Friday.


"There will be a number of equity transactions in Latvia this year," the EBRD's Jonathan Harfield said after the bank signed an agreement to take a 22 percent stake in Latvian commercial bank Zemes Bank.