News: Deals: Reports

OAO Belaruski Narodny Bank & JSC Bank of Georgia	Update Date: 05/20/08
Date Announced: 05/13/08
Value (million $USD): 34.2 million U.S. Dollar 73.55 billion Belarusian Rubble

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. Maj. Int.	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	34.2 million U.S. Dollar 73.55 billion Belarusian Rubble	Advisor Fees	n/a

SYNOPSIS
BELARUS - JSC Bank of Georgia (BG) agreed to acquire a 70% interest in Minsk-based JSC Belaruski Narodny Bank (BNB), for 73.548 bil Belarusian rublei (60.363 mil Georgian lari/$34.2 mil US). Concurrently, BG was granted an option to acquire the remaining 30% stake, which it did not already own, in BNB.

TARGET
Name	OAO Belaruski Narodny Bank
Industries	n/a
City	Minsk
State	n/a
Nation	Belarus
Incorporated in	n/a
Public Status	Private
Business Description	OAO Belarusky Narodny Bank, headquartered in Minsk, Belarus, is a bank. The company was founded on December 26, 1991.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	JSC Bank of Georgia (London : BGEO)
Industries	Investment advice
City	Tbilisi
State	n/a
Nation	Georgia
Incorporated in	n/a
Public Status	Public
Business Description	JSC Bank of Georgia, located in Tbilisi, Georgia, provides banking services such as commercial and investment banking, asset and wealth management, insurance, leasing and card processing services to its corporate and retail clients. The company was founded in 1994.
Advisors	NULL
Acquiror Sales	n/a

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