Market announcement
AS Inbank
LEI code
2138005M92IEIQVEL297
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
6530
Submission date and time
05.03.2018 15:03:36
Content of announcement in Estonian
Title
Inbank AS on alustanud läbirääkimisi Coop Pank AS-i osaluse müügiks
Message
Inbank AS-i nõukogu on otsustanud alustada läbirääkimisi Coop Pank AS-i osaluse müügiks, mille Inbank omandas finantsinvesteeringuna 2017. aasta jaanuaris. Müügiläbirääkimiste alustamise põhjuseks on potentsiaalsete ostjate huvi, mida toetab Inbanki pikaajaline strateegiline fookus rahvusvahelise äritegevuse tugevdamisele. Üheks võimalikuks Coop Panga osaluse ostjaks on TÜ Eesti Ühistupank. Inbanki nõukogu esimehe Priit Põldoja sõnul on ajastus tehingu toimumiseks sobilik. “Coop Pank on saanud endale uue tugeva juhtkonna, pangal on selge ja eristuv strateegia ning Inbanki roll aktiivse aktsionärina on vähenemas. Tahame oma kapitali ja energia panustada rahvusvahelisele laienemisele,” ütles Põldoja. Käesoleval hetkel ei ole võimalik kinnitada, et läbirääkimiste algatamine toob kaasa reaalseid tehinguid. Inbank informeerib turuosalisi võimaliku osaluse müügi kohta börsi infosüsteemi kaudu. Lisainfo: Priit Põldoja Inbank AS Nõukogu esimees +372 502 4942 [email protected]
Content of announcement in English
Title
Inbank AS has begun negotiations for the sale of Coop Pank AS’s shareholding
Message
The Supervisory Board of Inbank AS has decided to enter into negotiations for the sale of Coop Pank AS’s shareholding, which Inbank acquired as a financial investment in January 2017. The reason for entering into sales negotiations is the interest of potential buyers, which is supported by Inbank's long-term strategic focus for strengthening international business. One of the possible buyers of the holding is TÜ Eesti Ühistupank. According to Priit Põldoja, Chairman of the Supervisory Board, the timing is appropriate for the transaction. "Coop Pank has gained a new strong management, the bank has a clear and distinct strategy, and the role of Inbank as an active shareholder is decreasing. We want our capital and energy to contribute into our international expansion, " Põldoja said. Inbank will inform market participants about the possible sale of shares through the stock exchange information system. It is not currently possible to confirm that the initiation of negotiations will lead to actual transactions. Additional information: Priit Põldoja Inbank AS Chairman of the Supervisory Board +372 502 4942 [email protected]