Market announcement
Coop Pank AS
LEI code
549300EHNXQVOI120S55
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
10013
Submission date and time
19.12.2022 09:56:11
Content of announcement in Estonian
Title
Finantsinspektsioon andis Coop Pank AS-ile loa ühineda CP Varad AS-iga
Message
Finantsinspektsioon andis Coop Pank AS-ile (Coop Pank) kui ühendavale ühingule loa ühineda CP Varad AS-iga, mis on Coop Panga 100% tütarettevõtja. Finantsinspektsiooni luba oli Coop Panga ja CP Varad AS-i vahel 17. augustil 2022 sõlmitud ühinemislepingu jõustumise eeltingimus, mis tähendab, et ühinemine on nüüd võimalik lõpule viia. Coop Panga poolt varasemalt avaldatud teave ühinemise kohta on kättesaadav siin (https://view.news.eu.nasdaq.com/view?id=b284e48cc4716b1ade2227d804b9e5f8f&lang= et). Ühinemise tulemusena CP Varad AS loetakse lõppenuks ning Coop Pangast saab CP Varad AS-i õigusjärglane. Kuna tegemist on grupisisese ühinemisega, ei muutu selle tulemusena Coop Panga grupi konsolideeritud varade, õiguste ja kohustuste seis. Ühinemine on kavas lõpule viia 2022. aasta jooksul. Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast universaalpangast. Pangal on 144 700 igapäevapanganduse klienti. Coop Pank kasutab jaekaubanduse ja panganduse vahel tekkivat sünergiat ning toob igapäevased pangateenused kodule lähemale. Panga strateegiline omanik on kodumaine kaubanduskett Coop Eesti, mille müügivõrgustikku kuulub 330 kauplust. Lisainfo: Paavo Truu finantsjuht Telefon: 5160 231 e-mail: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Estonian Financial Supervision and Resolution Authority approved the merger of Coop Pank AS and CP Varad AS
Message
Estonian Financial Supervision and Resolution Authority granted its approval to Coop Pank AS (Coop Pank) as the acquiring company to merge with CP Varad AS, a 100% subsidiary of Coop Pank. The approval from the Estonian Financial Supervision and Resolution Authority was a precondition for the entering into force of the merger agreement concluded between Coop Pank and CP Varad AS on 17 August 2022 which means that the merger can now be completed. Earlier information published by Coop Pank about the merger is available here (https://view.news.eu.nasdaq.com/view?id=b284e48cc4716b1ade2227d804b9e5f8f&lang= en). As a result of the merger, CP Varad AS shall be deemed dissolved, and Coop Pank will become its successor. Since this is an intragroup merger, it will not have an impact on the consolidated financial position and rights and obligations of Coop Pank's group. The merger is planned to be completed during the year 2022. Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 144,700. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people's homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 330 stores. Additional information: Paavo Truu CFO Phone: +372 5160 231 E-mail: [email protected] (mailto:[email protected])