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Raiffeisen stamps deal with Soven 1 Holding to sell Priorbank JSC

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Raiffeisen Bank International (RBI) has agreed to sell its 87.74% ownership in Priorbank JSC and its subsidiaries to Soven 1 Holding Limited, concluding the negotiations that started on 14 February 2024. The transaction is scheduled to close in Q4 2024, after regulatory approvals. At closing, the transaction is anticipated to…

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