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Lithuania's Orion Securities in talks to buy unnamed Western European bank
BC, Vilnius, 13.12.2018.
Print version
Print versionLithuania's financial company Orion Securities is in talks on the acquisition of an unnamed Western European bank, according the Vz.lt news website reported LETA/BNS.
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"I can only confirm that we are in the final stage of negotiations for a sizeable shareholding," it quoted Orion Securities CEO Alius Jakubelis as saying.
"It is a medium-sized Western European bank, and this acquisition would be a really significant event in our company's history," he added.
Orion Securities, Lithuania's biggest non-banking financial group, last March entered Norway's market by opening its unit in Oslo, which offers capital markets and corporate finance services.
Orion Managing Partners holds an 80% stake in Orion Securities and Jakubelis owns the remaining 20%.
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