trending Market Intelligence /marketintelligence/en/news-insights/trending/q93qT2whSf0eB4HmLtIfSg2 content esgSubNav
In This List

Report: Chinese company eyes investment in Belarus-based Bank Moscow-Minsk

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Report: Chinese company eyes investment in Belarus-based Bank Moscow-Minsk

Chinese company DRex Food Group plans to acquire a stake in Belarusian state-controlled lender JSC Bank Moscow-Minsk, news agency BelTA reported June 12.

The Chinese investor is reportedly interested in acquiring all shares or a significant stake in the lender, DRex Food Group's head for Belarus, Zoya Kavaleva, said after talks with Belarus Agriculture Minister Leonid Zayats.

Belarusian authorities are in the process of preparing the privatization of Bank Moscow-Minsk with the help of the European Bank for Reconstruction & Development and intend to sell a controlling stake in the bank to a strategic investor by Jan. 1, 2020.