Bulgaria's Doverie Holding signs deal to acquire Tokuda Bank

Doverie United Holding AD

29/05/2015 18:28

SOFIA, May 29 (Reuters) - Bulgaria's Doverie United Holding 
 5DOV.BB  has signed a preliminary deal to acquire Tokuda Bank 
through its Industrial Holding Doverie unit for an undisclosed 
sum, the company said in a statement on Friday. 
    The agreement to acquire 99.53 percent of Tokuda, which is 
controlled by Japan's International Hospital Service (IHS), is 
pending regulatory approvals. 
    The sale was part of IHS's plans to focus on its core 
business in healthcare, head of the supervisory board of Tokuda 
Bank Arthur Stern said in the statement. 
    Tokuda Bank's total assets stood at 449 million levs  
($252.03 million) at the end of March, data from the central 
bank showed. It posted a net loss of 1.3 million levs in the 
first quarter. 
    Doverie United Holding was set up in 1996 as a privatisation 
fund and has stakes in some 20 companies in the textile sector, 
medical equipment, construction materials and services. 
($1 = 1.7815 leva) 
 
 (Reporting By Tsvetelia Tsolova) 
 ((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;)) 
 
Keywords: BULGARIA BANKS/