Šiauliai, Lithuania, 2015-04-15 08:15 CEST (GLOBE NEWSWIRE) --
On 09 March 2015 Šiaulių Bankas AB and Invalda LT AB published the reports on the stock event stating that a Letter of Intent had been signed and according to it Šiaulių bankas AB would carry out action required to acquire Bank Finasta AB from Invalda LT AB.
According to the report published by Invalda LT AB a binding agreement was intended to be signed by 15 April of the current year. Currently Šiaulių Bankas has performed legal and tax due diligence, submitted applications to supervisory authorities and other institutions regarding issue of relevant authorizations to conclude a transaction. After successful completion of the negotiations, signature of the agreement is planned for the nearest future.
Chief Executive Officer Vytautas Sinius
Chief Executive Officer Vytautas Sinius shall provide the additional information and is available on tel. +370 5 2362 209