DEAL WITH DEG TO BE DRAWN UP IN SEPTEMBER
A deal between the German investment company DEG (Deutsche Investitions- und Entwicklungsgesellschaft GmbH, a group of the German Bank of Development KfW) and the commercial UniBank will be drawn up in the nearest 30-35 days, the Bank Board chairman Faik Huseynov told Trend.
According to him, the process of share buy-and-sell legal drawing up is currently underway. Thus, the dealвЂ™s accomplishment may be expected in September.
It should be noted the commercial UniBank and the German investment corporation DEG concluded an agreement on the DEG involvement in the bankвЂ™s capital and buying of 8,33% of shares while holding the investment conference on Azerbaijan in Germany on 31 May.