The Hansabank Group controlled by Swedish Svedbank and the Lithuanian State Property Fund signed an agreement for the purchase of Lietuvos Taupomasis Bankas.
Published:
27 April 2001 y., Friday
On April 23 the Hansabank Group controlled by Swedish Svedbank and the Lithuanian State Property Fund signed an agreement for the purchase of Lietuvos Taupomasis Bankas (Lithuanian Savings Bank).
According to the agreement Hansabank will pay USD 37.5 million for 90.7% of the shares of the Lithuanian Savings Bank and will invest another USD 37.5 million in the coming 18 months. USD 20 million from the new investment will be used to increase the authorized capital and USD 7.5 million – for new information technologies. It has not yet been decided what will be the name of the purchased bank.
The Hansabank Group is a financial organization operating in the Baltic States with assets worth USD 2.5 billion. The Group employs 3,400 people who provide banking services to 1.2 million individual and 80 corporate clients.
Swedish Svedbank is Hansabank’s controlling shareholder with assets worth over USD 100 billion and 5.6 million clients. About 1 million of them use e-banking.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council.
more »
Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers.
more »
MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget.
more »
The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai.
more »
European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December.
more »
Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community.
more »
EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets.
more »
Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week.
more »
Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American.
more »
The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June.
more »