Šiauliai, Lithuania, 2015-07-14 07:44 CEST (GLOBE NEWSWIRE) --
AB Šiaulių Bankas, company code 112025254, registered address Tilžės g. 149, Šiauliai.
Šiaulių Bankas on 13 July 2015 received the last regulatory approval needed for the planned acquisition of 100 percent of the shares and voting rights of both AB Bankas Finasta and the financial brokerage firm AB FMĮ Finasta.
Details of all received approvals:
-the Bank of Lithuania on 13 July 2015 adopted the decision not to object to the acquisition by Šiaulių Bankas of 100 percent of the shares and voting rights of AB FMĮ Finasta;
-the European Central Bank on 10 July 2015 adopted the decision not to object to the acquisition by Šiaulių Bankas of AB Bankas Finasta;
-Šiaulių Bankas on 1 July 2015 received the Lithuanian Competition Council’s authorisation for concentration by acquisition of 100 percent of the shares of AB Bankas Finasta and 100 percent of the shares of AB FMĮ Finasta;
-Šiaulių Bankas on 7 May 2015 received confirmation from the Lithuanian government’s “Commission for the Assessment of the Compliance of Potential Participants with National Security Interests” that it does not object to this transaction.
Actions to complete the transaction will take place as planned at the end of this week. AB Invalda INVL will sign the new issue of Šiaulių Bankas shares, the amount that Šiaulių Bankas is due to pay for Bankas Finasta and FMĮ Finasta will be credited as payment for the shares, and Šiaulių Bankas will become the owner of 100 percent of the shares and voting rights of both AB Bankas Finasta and AB FMĮ Finasta.
Chief Executive Officer Vytautas Sinius
Additional information about the material event is available from the Head of the Legal and Administration Division Živilė Skibarkienė, tel. +370 (5) 260 2027.