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Baltic Investment Company advised GE Money on acquisition of Baltic Trust Bank, Latvian commercial bank
17/10/2006

GE Money, the global consumer lending unit of General Electric Company, signed an agreement to acquire 98 percent of Baltic Trust Bank following a period of exclusive negotiations and due diligence. The acquisition price is not being disclosed. It is anticipated that the deal will be closed in November 2006 and is subject to regulatory approvals.

BIC acted as financial advisor to GE Money.



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