IFLR1000

agRIF Cooperatief acquisition of 10% stake in Inecobank

13/6/2018
Private acquisition
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$ 21 million

Completed

13/6/2018

Overview:

  • agRIF Cooperatief, a fund managed by Incofin Investment Management, acquired a 10% stake in Inecobank from the international financial institutions, International Finance Corporation (IFC) and Deutsche Investitions und Entwicklungsgesellschaft (DEG), for $21 million.
  • Inecobank is an Armenian bank which is focused on lending to individuals, small and middle market businesses.

Jurisdictions:

Belgium
Armenia

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Banking
Financial services

Firms:
Legelata

Party: agRIF Cooperatif (Acquirer)

Lawyer: Gor Margaryan

White & Case

Party: DEG (Seller)

Party: IFC (Seller)

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