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
Takeover bid
Unique data record identifier
6552
Submission date and time
21.03.2018 09:30:00
Content of announcement in Estonian
Title
Inbank AS on teinud pakkumise 100% UAB Mokilizingas aktsiate omandamiseks
Message
Inbank AS on teinud pakkumise UAB Mokilizingas praegustele omanikele AS-ile LHV Group ja UAB-le Inovatyvus Prekybos Sprendimai ettevõtte 100% suuruse osaluse ostuks. Pakkumise sisu osapooled hetkel ei avalikusta, kuna sellega nõustumise otsustavad ettevõtete nõukogud. Mokilizingas on Leedu turul juhtiv tarbijafinantseerimise toodete pakkuja, omades järelmaksuvaldkonnas ligi 40% suuruse turuosaga teist positsiooni. Ettevõttel on Leedus üle 2000 partneri, ligi 250 tuhat klienti ja üle 100 tuhande aktiivse lepingu. Lisaks Leedule teenindab Mokilizingas strateegilisi partnerettevõtteid ka Lätis. Inbanki nõukogu esimehe Priit Põldoja sõnul sobituks ettevõtte ostmine suurepäraselt Inbanki rahvusvahelise kasvu strateegiaga. „Mokilizingas on hästi toimiv ja kasumlik ettevõte. Tehing võimaldaks meil oma tegevuse muuta veelgi laiapõhjalisemaks, andes meile võimekuse teenindada partnerkaupmehi, kes tegutsevad kolmes Balti riigis ja ka Poolas,” ütles Põldoja. Tehingu finantseerimiseks ja rahvusvahelise kasvu toetamiseks plaanib Inbank aprillikuu jooksul kaasata kapitali nii olemasolevatelt kui ka uutelt investoritelt mitteavaliku aktsiaemissiooni teel. Inbank teavitab turuosalisi tehingu ja kapitali kaasamise edasisest käigust börsi infosüsteemi vahendusel. Lisainfo: Priit Põldoja Inbank AS Nõukogu esimees +372 502 4942 [email protected]
Content of announcement in English
Title
Inbank AS has made an offer to purchase 100% of the shares of UAB Mokilizingas
Message
Inbank AS has made an offer to acquire 100% holding in Lithuanian consumer financing company Mokilizingas UAB from its current owners AS LHV Group and UAB Inovatyvus Prekybos Sprendimai. Mokilizingas is the leading provider of hire-purchase products on the Lithuanian market, holding a second market position with a 40% market share. The enterprise has over 2000 partners in Lithuania, nearly 250 thousand clients and more than 100 thousand active contracts. In addition to Lithuania, Mokilizingas also serves strategical partner companies in Latvia. According to Priit Põldoja, Chairman of Inbank’s Supervisory Board, the acquisition of the company would be excellently in line with Inbank's international growth strategy. "Mokilizingas is a well-functioning and profitable company. The transaction would allow us to expand our business, giving us the capability to serve our retail partners in the three Baltic countries and Poland," Põldoja said. In order to finance the transaction and to support international growth, Inbank plans to raise capital from existing and new investors via a non-public share issue in April. Inbank will inform market participants about the progress of the transaction and capital involvement via the stock exchange information system. Additional information Priit Põldoja Inbank AS Chairman of Supervisory Board [email protected] +372 502 4942