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BGZ |
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At the same time Fitch advises that the Support will be changed to '3', if the recently announced partial privatisation of BGZ is completed, as Fitch believes the probability of any external support, were it to be necessary, from the new shareholders (Netherland's Rabobank, rated 'AA+' and the European Bank for Reconstruction and Development 'EBRD') will be moderate. with Union Investment Group holding 70 percent of the merged company's shares, and BGZ 30 percent. |
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