30 Jun 2006 12:11
IRF European Fin Investments Ltd 30 June 2006 IRF European Finance Investments Ltd. ('IRF') Completion of Acquisition IRF is pleased to announce that it has completed the acquisition of a 28 percent. interest in Proton Investment Bank S.A. for a total consideration ofEUR120,061,475. END About IRF IRF European Finance Investments Ltd. ('IRF') was incorporated to serve as avehicle for the acquisition of interests in the financial services industry inEurope. IRF's strategy is to invest in a financial services institution havingone or more of the following characteristics: an attractive franchise withopportunities for geographic expansion and/or the addition of new products andservices; an institution that is constrained by its current capital and limitedin access to the capital markets due to its size or other considerations; or aninstitution that is undervalued because the institution is too small for largeracquirers, has a capital deficiency, or is in a geographic market not currentlybeing sought by larger banks. IRF was listed on AIM in November 2005. About Proton Proton Investment Bank S.A. ('Proton') focuses on investment banking and theprovision of specialised corporate advisory and investment services. Proton waslisted on the Athens Stock Exchange in December 2005. This information is provided by RNS The company news service from the London Stock Exchange