Market announcement
AS LHV Group
LEI code
529900JG015JC10LED24
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
7344
Submission date and time
05.06.2019 19:00:00
Content of announcement in Estonian
Title
LHV Pank ja Danske Bank allkirjastasid eralaenudega seotud käitise ostulepingu
Message
Vastavalt 3. juunil avalikustatud börsiteatele (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=892586&me ssageId=1123662), allkirjastasid täna, 5. juunil 2019 AS-i LHV Group tütarettevõte AS LHV Pank ja Danske Bank A/S ostulepingu, mille kohaselt LHV Pank omandab Danske Banki Eesti filiaali eraisikutega seotud käitise, mis sisuliselt koosneb eraklientide laenuportfellist. Tehing viiakse lõpule käesoleva aasta sügisel, mil kujunevad ka tehingu lõplik maht ja hind. Tehingu lõpule viimise eeltingimusteks on loa saamine Konkurentsiametilt ning LHV Groupi poolt täiendava kapitali kaasamine. Tehing ei ole käsitletav tehinguna seotud isikutega. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (https://www.globenewswire.com/Tracker?data=PMP8fnT4LlTAvnjYULaF8HWAmQtx2oqR5B2b b8bj6EHzWAEUpEpSYIDwHXgBE4vBspRu95JTsMJZM82LwBY0iA==)
Content of announcement in English
Title
LHV Pank and Danske Bank have signed the business transfer agreement of private loans
Message
As stated in the stock exchange announcement published on 3 June (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=892586&me ssageId=1123663), today, on 5 June AS LHV Pank, a subsidiary of AS LHV Group, and Danske Bank A/S signed the business transfer agreement, according to which LHV Pank will acquire the unit involved with private loans of Danske Bank's Estonian branch, that essentially consists of the loan portfolio of private clients. The transaction will be finalised in the autumn of the current year, when the final scope and price of the transaction will also be determined. Prerequisites for finalising the transaction are getting permission from the Competition Authority and raising additional capital for LHV Group. The transaction is not to be considered a transaction with related parties. Priit Rum LHV Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])