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Aktia Bank plc: Acquisition of minority shares in Aktia REMB brought forward

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Aktia Bank plc
Stock Exchange Release
23/9/2016 at 1:30 pm

 

ACQUISITION OF MINORITY SHARES IN AKTIA REAL ESTATE MORTGAGE BANK BROUGHT FORWARD

Previously, Aktia Bank has given notification (8/10/2015) that the bank has entered into an agreement to purchase the minority shareholders’ shares in the bank’s subsidiary Aktia Real Estate Mortgage Bank plc.
According to the agreement, the conveyance of shares was to take place at the beginning of 2017.

According to both the seller and the buyer, the measures planned at that time to be completed before the conveyance of shares have, however, already now been completed to a sufficient extent. 
And therefore the conveyance of shares has today been executed by the parties. 

The transaction has no significant impact on Aktia’s capital adequacy or on the result forecast for 2016.

  

AKTIA BANK PLC

For more information, please contact:
Jussi Laitinen, CEO, tel. +358 10 247 6250
Fredrik Westerholm, CFO, tel. +358 10 247 6505

Sent by: Anna Gabrán, Head of IR, tel, +358 10 247 6501
  

Distribution:
Nasdaq Helsinki Ltd
Central media
www.aktia.com

 

Aktia provides a broad range of products and services within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 350,000 customers who are served by approximately 1,000 employees at 50 branch offices and via Internet and telephone services. Aktia's shares are listed on the list of Nasdaq Helsinki Ltd. For more information about Aktia see www.aktia.com