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
8172
Submission date and time
20.07.2020 08:00:00
Content of announcement in Estonian
Title
Konkurentsiamet andis LHV Pangale loa Danske Banki Eesti ettevõtjate ja avaliku sektori krediidiga seotud käitise ostuks
Message
Konkurentsiamet andis 17. juulil 2020 AS-le LHV Pank koondumisloa, mis oli eelduseks AS-i LHV Pank ja Danske Bank A/S-i vahelise tehingu lõpuleviimisele. Tehingu kohaselt omandab LHV Pank Danske Banki Eesti ettevõtjate ja avaliku sektori laenuportfelli (avalikustatud 8. juuni börsiteatega (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=944024&me ssageId=1189306)). Tehing viiakse lõpule käesoleva aasta oktoobris, siis kujunevad ka tehingu lõplik maht ja hind. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (https://www.globenewswire.com/Tracker?data=FPmzP8LrXYh_5VDYquwOLJJjgOHyoLkNYxTZ uypIJDOdaI7e-nL14CVq2kFFA_13nJT1yaOJirOrYaPvftYzNg==)
Content of announcement in English
Title
Competition Authority grants permission to LHV Pank to acquire the unit of Danske Bank involved with Estonian corporate and public sector credits
Message
On 17 July 2020, the Estonian Competition Authority granted AS LHV Pank a concentration permit, fulfilling the prerequisite for the transaction between AS LHV Pank and Danske Bank A/S. According to the agreement LHV Pank will acquire Danske Bank's Estonian corporate and public sector credit portfolio (disclosed in 8 June Market Announcement (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=944024&me ssageId=1189305)). The transaction will be finalised in October of the current year, when the final scope and price of the transaction will also be determined. Priit Rum LHV Communication Manager Telephone: 502 0786 E-mail: [email protected] (https://www.globenewswire.com/Tracker?data=FPmzP8LrXYh_5VDYquwOLJJjgOHyoLkNYxTZ uypIJDOdaI7e-nL14CVq2kFFA_13nJT1yaOJirOrYaPvftYzNg==)