Brief: Siauliu Bankas Signs Agreement With Danske Bank A/S Lithuanian Branch

Artea bankas AB

09/01/2020 14:26

Jan 9 (Reuters) - Siauliu Bankas AB  SAB1L.VL :
    * SIAULIU BANKAS AB SAYS SIGNS AGREEMENT WITH DANSKE BANK
A/S
LITHUANIAN BRANCH FOR ACQUISITION OF DANSKE BANK'S RETAIL CREDIT
PORTFOLIO WITH VALUE OF 125 MILLION EUR
    * SIAULIU BANKAS AB SAYS TRANSACTION IS EXPECTED TO BE
COMPLETED
WITHIN FOUR MONTHS AFTER SIGNING AGREEMENT
    * SIAULIU BANKAS AB SAYS WILL ACQUIRE RETAIL LOAN PORTFOLIO
INCLUDING IT'S LIABILITIES OF LITHUANIAN BRANCH OF DANSKE BANK
A/S

Source text for Eikon:  ID:nNDL7ch8r5 
Further company coverage:  SAB1L.VL 

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