Doverie wins the tender for 63.9% of Moldindconbank (POSITIVE)

Doverie-Invest, a subsidiary of Doverie United Holding, won the public tender for the majority stake of Moldindconbank. The government of Moldova auctioned 3.2m shares of the bank (63.89% stake). The final price was not disclosed, however, the local news site Diez cites MDL 240.7 as a result of the auction, which values the stake in Moldindconbank at BGN 76.3m (0.5 P/B). The transaction should be concluded by the end of March.