One of Sweden's largest banks Skandinaviska Enskilda Banken (SEB), announced on 28 August that by the end of the year, it hopes to take full ownership of the banks in which it currently holds a controlling stake.
Published:
30 August 2000 y., Wednesday
SEB holds large stakes in Lithuania's Vilniaus Bankas (42 percent), Latvia's Unibanka (50.5 percent), and Estonia's Uhispank (50.2 percent), which in turn owns Latvia's Saules Banka.
The bank plans to remove all three banks from the stock exchange by offering to buy all floating shares. SEB President Lars Thunell said that the bank's plans are a "logical step" in its regional strategy, ELTA added. Shares for the three banks all closed significantly higher on the news of SEB's plans.
Šaltinis:
RFE/RL
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