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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Wright Reports

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Aktia Bank Plc and Voyrin Saastopankki sign definitive merger agreement

Monday, 23 Dec 2013 04:15am EST 

Aktia Bank Plc:Says Aktia Bank and the savings bank Voyrin Saastopankki have signed a definitive agreement on the merger between Voyrin Saastopankki and Aktia Bank.Says a stock exchange release regarding the letter of intent to merge was published by Aktia Bank on Oct. 24.Says the transaction is to be implemented as conveyance of the bank business operations of Voyrin Saastopankki to Aktia Bank, on which Voyrin Saastopankki will be transformed into a foundation (Vora Sparbanks Aktiastiftelse).Says in this transaction, the unencumbered value of Voyrin Saastopankki business operations is estimated to about 11 million euros.Says the estimated affect of the transaction on Aktia Bank's result and key figures is neutral.Says the merger is expected to take place at the latest in the third quarter of 2014.Says as earlier informed, Voyrin Saastopankki's foundation will use a part of the purchase sum to buy approx. 1 pct of Aktia Bank on the market in the period up until Feb. 28, 2015. 

Company Quote

19 Dec 2014