Bank of Estonia OKs takeover

Estonia's Hansapank said on Tuesday the country's central bank had approved its deal to buy Lithuanian Taupomasis Bankas .

Hansapank - 58 percent owned by Sweden's Swedbank - did not add any details in its statement.Hansapank signed a deal with the Lithuanian state property fund on April 23 to buy a 91 percent stake in Taupomasis Bank for 150 million Lithuanian litas ($37.5 million) and also committed itself to invest another 150 million litas in the bank over the next 18 months.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.