PE to acquire Moldova Agroindbank stake from government

Lithuania-based asset manager Invalda INVL, along with private equity firm Dealbeta and the European Bank for Reconstruction and Development, set up HEIM in order to acquire the stake in MAIB, the regulatory agency said in a press release.

HEIM intends to acquire the shares from the government of Moldova in a public auction held on the Moldovan stock exchange.

The Moldovan competition authority is examining the proposed deal as part of a standard phase-I merger review process. 

Established in 1991 and headquartered in Chișinău, Moldova, MAIB is the largest commercial bank in the country. Assets of the bank at the end of 2017 amounted to roughly €1bn, while equity totalled €180m, according to Unquote sister publication Mergermarket.

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