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Ukraine's Privatbank on lookout for buyers for stake in Latvian lender

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Ukraine's Privatbank on lookout for buyers for stake in Latvian lender

PAO KB Privatbank hired one of Rothschild's partners in Ukraine to find buyers for its stake in AS PrivatBank.

The hired company will also be responsible for preparing the potential sale transaction, the Ukrainian lender said Dec. 21.

Privatbank currently holds a 46.5% stake in the Latvian bank.