Print - Competition Authority grants permission to LHV Pank to acquire the unit of Danske Bank involved with Estonian corporate and public sector credits

Source: AS LHV Group
July 20, 2020 01:00 ET

Competition Authority grants permission to LHV Pank to acquire the unit of Danske Bank involved with Estonian corporate and public sector credits

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). 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: priit.rum@lhv.ee