AS HANSAPANK

ANNOUNCEMENT

20.11.98

 

 

 

ABOUT THE STRATEGIC PARTNER OF EESTI KINDLUSTUS 

 

 

Eesti Kindlustus is currently conducting negotiations with 

Sampo Insurance regarding the EEK 100 million share issue. The 

potential investor of Eesti Kindlustus will be determined 

during the first week of December. Five foreign financial 

groups from Nordic countries and Western Europe have indicated 

their interest in 

 

As a result of the share issue the new partner should acquire 

51% or more of the share capital of Eesti Kindlustus Group. In 

addition to the already existing 3,2 million shares Eesti 

Kindlustus will issue up to 6,4 million new shares during the 

share issue. With the assistance of the new partner Eesti 

Kindlustus intends to finalise the commenced reorganisation of 

the company and its expansion to other Baltic countries.

 

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569