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Baring Vostok ordered to sell 10% in Orient Express Bk to Avetisyan

BLAGOVESHCHENSK, May 17 (PRIME) -- The Arbitration Court of the Amur Region has ordered Evison Holdings Limited, which represents interests of fund Baring Vostok, to sell a 9.99% stake in Orient Express Bank to Artyom Avetisyan’s Finvision Holdings.

The court thus upheld a lawsuit of Finvision, in which it demanded that Evision fulfill a 2016 call option on this stake.

Evison lawyer Oleg Koida said the company will contest the court’s decision.

End

17.05.2019 11:33
 
 
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