Bulgaria's Doverie buys majority stake in Moldova's Moldindconbank

Doverie United Holding AD

18/02/2019 13:24

CHISINAU, Feb 18 (Reuters) - Bulgarian fund Doverie United
Holding  5DOV.BB  has bought a 64 percent stake in Moldovan bank
Moldindconbank, Moldova's financial market regulator said on
Monday. 
    Moldova wanted to sell Moldindconbank, the country's second
largest bank, to a foreign investor as part of a clean-up of the
financial system backed by the International Monetary Fund and
other donors. This followed a $1 billion bank fraud which
plunged the country into crisis in 2014-2015.

 (Reporting by Alexander Tanas; editing by Matthias Williams and
Kirsten Donovan)
 ((matthias.williams@thomsonreuters.com;))