Brief: Invalda INVL And Siauliu Bankas Sign Agreement To Merge Their Retail Businesses

Invalda Invl AB

23/11/2022 07:11

Nov 23 (Reuters) - INVALDA INVL AB  IVL1L.VL :
    * ON NOV.22 SIAULIU BANKAS AND CO SIGNED AN AGREEMENT ON THE
MERGER OF PART OF THE RETAIL BUSINESSES
    * THE MANAGEMENT BOARD OF CO APPROVED THE AGREEMENT ON NOV.
22
    * ONCE THE DEAL IS COMPLETED CO WILL OBTAIN 9.39 % STAKE OF
SIAULIU BANKAS
    * TO FINALISE THE TRANSACTION, SIAULIU BANKAS WILL ISSUE A
TARGETED SHARE ISSUE FOR PURCHASE BY CO AT EUR 0.645 PER SHARE
    * THE EQUITY VALUE OF THE TRANSACTION IS EUR 40.2 MILLION
    * VALUE OF ASSET MANAGEMENT AND LIFE INSURANCE BUSINESS WAS
AT END
OF H1 EQUAL TO EUR 7.5 MILLION

Source text:  ID:nGNEbbZQvZ 
Further company coverage: [IVL1L.VL, SAB1V.VL]
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