Bulgarian Development Bank to acquire a 19% stake in First Investment Bank.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For19%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

First Investment Bank

bidder

Bulgarian Development Bank

Sources

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Tags

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Bulgaria

Private

Friendly

Single Bidder

Pending

bank

Banks

Acquisition

Minority

Private Equity

Synopsis

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Bulgarian Development Bank agreed to acquire a 19% stake in First Investment Bank, a Bulgarian bank. Financial terms were not disclosed. The deal comes after a capital shortfall of First Investment Bank which the bank is trying to cover by issuing 40m of new shares.