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ABB Bank completes acquisition of 51% stake in Uzbekistan’s Davr Bank

Verifying
  • ABB Bank acquired a controlling stake in Uzbekistan’s Davr Bank.
  • The transaction covered 51 million shares, valued at 1.646 trillion soums, or about $140 million.
  • Davr Bank will operate as ABB Davr after the acquisition, according to the announcement.
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