Market announcement
Coop Pank AS
Category
Other corporate action
Date
05.03.2024 17:30:00
Title
Finantsinspektsioon andis Coop Pank AS-ile loa ühineda Coop Finants AS-iga
Message
Finantsinspektsioon andis Coop Pank AS-ile (Coop Pank) kui ühendavale ühingule loa ühineda Coop Finants AS-iga, mis on Coop Panga 100%-line tütarettevõtja. Finantsinspektsiooni luba oli Coop Panga ja Coop Finants AS-i vahel 13. septembril 2023 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=b30cb914acd1a2a87cde077d715cc01c6&lang= et&src=listed). Ühinemise tulemusena Coop Finants AS loetakse lõppenuks ning Coop Pangast saab Coop Finants 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 2024. aasta märtsikuu jooksul. Eesti kapitalil põhinev Coop Pank on üks viiest Eestis tegutsevast universaalpangast. Pangal on 184 900 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 320 kauplust. Lisainfo: Paavo Truu finantsjuht Telefon: 5160 231 e-mail: paavo.truu@cooppank.ee (mailto:paavo.truu@cooppank.ee)
Title
Estonian Financial Supervision and Resolution Authority approved the merger of Coop Pank AS and Coop Finants AS
Message
Estonian Financial Supervision and Resolution Authority granted its approval to Coop Pank AS (Coop Pank) as the acquiring company to merge with Coop Finants 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 Coop Finants AS on 13 September 2023 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=b30cb914acd1a2a87cde077d715cc01c6&lang= en). As a result of the merger, Coop Finants 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 March 2024. 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 184,900. 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 320 stores. Additional information: Paavo Truu CFO Phone: +372 5160 231 E-mail: paavo.truu@cooppank.ee (mailto:paavo.truu@cooppank.ee)