Abu Dhabi Group buys Georgian bank

Filed under Deals, Badri Patarkatsishvili - Imedi

March 9, 2008 5:01 pm

Abu Dhabi Group has bought Georgian Standard Bank from the private equity group Salford Capital which was close to Georgian billionaire Badri Patarkatsishvili who died last month.Salford capital is pleased to announce that its affiliates and partners have sold a 100 percent equity interest in Standard Bank, a commercial bank operating in Georgia, to KOR Bank, a newly registered commercial bank in Georgia, wholly-owned by Dhabi Group

read the rest published by Reuters here:

http://malaysia.news.yahoo.com/rtrs/20080309/tbs-georgia-bank-7318940.html

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Abu Dhabi Group buys Georgian bank

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