Banks, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Friday, 29.08.2014, 06:13

"Swedbank's" purchase of "Hipoteku banka's" assets authorized

Gleb Vasiljev, BC, Riga, 19.07.2012.Print version
The Competition Council (CC) has given joint stock "Swedbank" the go-ahead to take over a number of state joint stock "Latvijas Hipoteku un zemes banka's" ("Hipoteku banka") assets - various credits and investments. CC has also approved "Swedbank lizings" limited company's acquisition of the "Hipolizings" limited company, i.e. 100% shares.

As the portal "Nozare.lv" was informed by CC, the decision was made because these transactions have no major impact on the competition situation and are not detrimental to the market or to consumers, informs LETA.






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