The Baltics Today

Latvias government agrees to sell Citadele

RIGAThe government decided during a closed meeting on Tuesday to offer the U.S. fund Ripplewood Holdings an exclusive opportunity to analyze for a period of one month buying Citadele for EUR 113 million. This is the smallest amount at which the government can sell the bank without incurring losses for the state, informs LETA reffering to the Latvian State Television's broadcast Panorama.... Read more...

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