Brief: Siauliu Bankas Announces Optimization Of The Structure Of Its Subsidiaries

Artea bankas AB

15/10/2020 07:07

Oct 15 (Reuters) - Siauliu Bankas AB  SAB1L.VL :
    * ANNOUNCES OPTIMIZATION OF THE STRUCTURE OF ITS
SUBSIDIARIES
    * SAYS THE BANK WILL HAVE THREE DIRECTLY CONTROLLED
SUBSIDIARIES
OPERATING IN LEASING, LIFE INSURANCE AND REAL ESTATE MANAGEMENT
    * SAYS STRATEGY AND ACTIVITIES OF SB LIZINGAS UAB AND LIFE
INSURANCE SB DRAUDIMAS UAB WILL NOT CHANGE
    * SAYS THE COMPANIES WORKING WITH FORECLOSED ASSETS WILL BE
REORGANIZED BY MERGING SBTF UAB AND PAVASARIS UAB
    * SAYS SIAULIU BANKO INVESTICIJU VALDYMAS UAB WILL BE
LIQUIDATED
    * SAYS 100% STAKE IN UAB MINERA OWNED BY THE BANK IS PLANNED
TO BE
SOLD THROUGH A PUBLIC TENDER

Source text:  ID:nGNE2zSKVm 
Further company coverage:  SAB1L.VL 

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