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Citadele bank shares will be bought by foreign investors

Oct 14, 2015
Citadele bank hopes to rise up to EUR 115 million through initial public offering, and expects most of the amount to come from countries outside the Baltics, as Citadele CEO Guntis Belavskis told a press conference Thursday. According to Citadele, this will help the bank to continue successful development in Latvia and the other two Baltic countries, and repay a EUR 34.7 million debt to the Latvian Privatization Agency. Citadele will sell new Class B shares through IPO, which will be listed at Nasdaq Riga stock exchange together with global depository receipts that will represent the shares at the London Stock Exchange. (tvnet.lv)
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