On the request of the Government of Azerbaijan, EBRD (European Bank for Reconstruction and Development) has suspended the negotiations with the commercial Bank of Baku on acquiring the 25 percent +1 stock package from the Bank, Trend reports. EBRD came to an agreement with Bank of Baku on the buying of its stocks, but several events have happened in the connection with the changing of the Bank`s stockholders since that moment, that is why, the Azerbaijani Government asked EBRD to suspend the negotiations until the problem are nit resolved, Raymond Convey, Head of EBRD local representative Office Baku told Trend today.
He did not specify the date when the negotiations on striking a deal on the buying of the package of the stocks of Bank of Baku to be resumed, but told that the European bank will not change its mind to participate in the capital of Bank of Baku.
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