The Bank of Georgia Group has announced a preliminary agreement to acquire 100% of Ameriabank, the largest Armenian financial institution, for $303.6mn. According to the agreement, 90% of the shares will be purchased immediately, while the European Bank for Reconstruction and Development (EBRD) will retain a 10% shareholding in Ameriabank. The transaction is contingent upon approval from the shareholders and regulatory bodies, including the Central Bank of Armenia. Once all approvals are obtained and the transaction is finalised, Ameriabank will continue to operate as an independent entity wit…