Latvia's Citadele Banka Plans IPO Seeking 115 Million Euro

Updated on
  • Citadele plans IPO in 4Q for debt repayment, lending
  • Public offering to be held on Riga and London stock exchanges

Citadele Banka AS, Latvia’s fifth-biggest bank by deposits, plans an initial public offering by the end of 2015 to fund expansion and repay debt, Chief Executive Officer Guntis Belavskis said.

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