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Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k

 
Anonymous Coward
User ID: 1409722
Ireland
06/23/2011 09:23 AM
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Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k
AIB sells €216m bank stake for €100k

Thursday, June 23, 2011

AIB HAS sold its near-50% stake in a Bulgarian bank, which cost €216 million just three years ago, for a mere €100,000.

Confirmation of the Sofia-based Bulgarian-American Credit Bank’s (BACB) sale to an investment firm led by Tsvetelina Borislavova was made on Bulgaria’s stock exchange yesterday.

Ms Borislavova is the girlfriend of the Balkan country’s prime minister, Boyko Borisov.

Under the deal, the businesswoman’s Clever Synergies Investment Fund (CSIF) has taken over AIB’s shares in the firm and significant debt accrued in the period since the Irish company made the expensive purchase.

[link to www.irishexaminer.com]

 Quoting:
Anonymous Coward
User ID: 1435923
Germany
06/23/2011 09:25 AM
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Re: Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k
cruise
Anonymous Coward (OP)
User ID: 1409722
Ireland
06/23/2011 09:27 AM
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Re: Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k
cruise
 Quoting: °Epic°


It's how we Irish roll ... lmao
Anonymous Coward
User ID: 1327732
United Kingdom
06/23/2011 09:37 AM
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Re: Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k
The Irish should stick to running bars, they are good at it banking is not something they should be bothered with.
Anonymous Coward
User ID: 582348
United States
06/23/2011 09:39 AM
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Re: Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k
never change, Ireland
Anonymous Coward (OP)
User ID: 1409722
Ireland
06/23/2011 09:49 AM
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Re: Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k
The Irish should stick to running bars, they are good at it banking is not something they should be bothered with.
 Quoting: Anonymous Coward 1327732


The Pubs are dead in the water, most people (the Working Class) drink cheap beer and cider from Tesco and Lidl at home now. The youth are unemployed and restless and i can see sectarianism, racism and glamourised criminality being used as useful distractions for the baying mobs of youth who know somethings wrong with their country and are angry at the lack of opportunity they have. That anger and frustration needs channelling, or they will take it out on their bankers and politicians lol
Anonymous Coward
User ID: 1124828
Ireland
10/04/2012 09:39 PM
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Re: Irish bank paid $216 million dollars for 50% stake in Bulgarian bank 3 years ago, sells today for $100k
Suckers

cruise





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