Conversbank is officially reported to have sold its 19.693% share holding of GRAN Bank to Mavlon Invest Ltd., an offshore company. This information was published by the bank in compliance with the demand that a joint stock investment fund must disclose any information that can affect its stock price. The decision to this extent was taken by the bank’s Board of Directors, who agreed to suggest that the company’s shareholders vote for GRAN Bank’s merger with Investbank.