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Invalda LT and DNB sign agreement on loan
BC, Vilnius, 20.06.2013.
Print version
Print versionThe public joint-stock company Invalda LT and DNB Bank executed a short-term loan agreement of value of 4.924 million euros, Invalda LT said in a statement, cites LETA.
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The agreement was secured by pledge of 1,529,312 shares in Vilniaus Baldai, comprising of 39.35% of the authorized capital of Vilniaus Baldai, owned by Invalda LT.
The loan was issued to Invalda LT, AB due to the intended tender offer to buy up shares in Vilniaus Baldai, AB. It is assumed that Invalda LT, AB may acquire 12.72% of the shares in Vilniaus Baldai, AB for the value of EUR 7,352 million (LTL 25,385 million).
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