The Central Bank of Armenia’s Board has preliminarily approved the acquisition of a significant stake in Ameriabank CJSC by Bank of Georgia Group PLC (BOGG) and Bank of Georgia JSC, according to finport.am. This decision, announced on March 29, follows BOGG’s earlier February announcement of its intent to purchase 100% of Ameriabank for approximately $303.6mn. Subsequently, the Asian Development Bank (ADB) agreed to sell its shares in Ameriabank to the Bank of Georgia. BOGG will acquire 90% of Ameriabank’s shares, leaving the European Bank for Reconstruction and Development (EBRD) with a 10% s…