Thu, 12 Nov 1998: Stock markets: weekly report (November 3 - 9)…



If they want to buy a Baltic bank they will try to pay as little as possible.If so, the new dispute between Uhispank and the Compensation Fund, which could result in heavy losses for Uhispank, may help foreigners to decrease Uhispank's price substantially . Also Unibanka, which recently received a slap from the Central Bank for reserves shortages, may find itself to be more "flexible" in negotiations with strategic investors.Considering all the above, the best strategy for the Baltic banks may be to take at least a short pause in their "external" activities. So, Uhispank's decision last week not to speed up merger negotiations with Vilniaus bank and Unibanka seems to be the right option.Latvia: Profit-taking should not affect riseForecast t... Read the rest of this entry »

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