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Hunnewell Partners Plans to buy Controlling Package of Liberty Bank

Hunnewell Partners Plans to buy Controlling Package of Liberty Bank

Hunnewell Partners plans to buy control package of Liberty Bank. Irakli Rukhadze, manager of the company noted, that they expect finish of the deal soon.

“We are now observing  Liberty bank. This information already exists and we do not hide it. I hope that we should declare soon, that we have bought controlling stake of the bank”, – Rukhadze has declared.

Hunnewell Partners is an investment company, which manages the assets of Patraksishvili’s family.

The fact is known, that Liberty Bank is on sale. George Kadagidze, former president of NBG has been proved it and noted about the three potential buyers. However, the deal was failed due to the prolonged court disputes.

VTB Bank has been also interested in the acquisition of the bank as well.