April 11th, 2005, 02:01 PM
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Utility Bot
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Join Date: Feb 2005
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Trading Lira for Rubles (The Motley Fool)
The Motley Fool - In the summer of last year, we described an
unorthodox buy for General Electric (NYSE: GE - News): Russia's
DeltaBank,
which sold to GE's Consumer Finance unit for $100 million. Last
week, we saw the next Russian bank to go on the international
auction bloc, sold to Italy's Banca Intesa (OTC BB: BIPOF - News) for $120 million. But there's a big difference between the
two deals: the valuation. View the Entire Article
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