Goldman Sachs: Armenian investment firm Balchug Capital confirms deal to acquire Goldman Sachs Bank in Russia has closed

Landmark acquisition for Balchug CapitalThrough its investment activities Balchug is supporting international investors in their divestment from RussiaPrevious acquisitions include leading commercial real estate assetsYEREVAN, Armenia, April 24, 2025 (GLOBE NEWSWIRE) -- The Armenian investment firm Balchug Capital ("Balchug") has confirmed that its deal to acquire OOO Goldman Sachs Bank - the Russian bank controlled by Goldman Sachs Group - has closed. It was previously announced that a sales agreement had been entered into by both parties and had received official approval. It is a landmark acquisition for the Armenian investor with ...Full story available on Benzinga.com