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FMO Sells Shares in TBC Holding

Netherlands Development Finance Company (FMO) has sold its own shares in TBC Holding. Institutional investors of UK, USA and Europe have bought the shares under accelerated deal managed by  Barclays და Renaissance Capital.

“FMO was one of the four international finance institutions that owned shares in TBC Holding. It owned 4.4% of the bank’s stock capital. In whole, international finance institutions held 55.8% of the bank’s stock capital before 2014, before first placement of the bank’s shares at London Stock Exchange (LSE). In 2016 the ratio was reduced to 23.2% after FMO sold shares. Currently international finance institutions hold 15.1% shares in TBC PLC.

FMO continues commercial relations with FMO”, the bank’s press release reads.