Parex sale complicates protracted extension talks

Latvia’s government confirmed yesterday that it wants to sell its stake in Parex banka, a move that is likely to complicate negotiations over the extension of the bank’s two syndicated loans. Although one of Parex’s facilities fell due last week, no conclusive agreement has yet been reached with lenders and talks are continuing.

  • 04 Mar 2009
The Latvian government announced on Tuesday that Nomura would be advising it on the sale of its 85.14% stake in Parex, which was transferred on Friday last week from the state-owned Mortgage and Land Bank of Latvia to the Latvian privatisation agency. While the sale had been expected ...

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