Last update: 22.07.2024 07:19 (GMT+3)

Hansapank: Lithuanian Competion Council's approval

24.05.2001, Hansapank, TLN
HANSAPANK
ANNOUNCEMENT

LITHUANIAN COMPETION COUNCIL'S APPROVAL

Today, May 24, the Lithuanian Competition Council gave Hansabank its
approval for the purchase of 90.73% of Lithuanian Savings Bank’s (LTB)
shares. This was the last regulatory approval required from Hansabank.

Hansabank will pay LTL 150 million for a 90.73% ownership in LTB.
Additionally, Hansabank is committed to invest LTL 150 million in LTB,
including LTL 120 million for the recapitalisation of the bank.


Mart Tõevere
Head of investor relations
+372 6131 569

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