Jury out on Unibanka

Apr 27, 2005
From wire reports

RIGA - An administrative district court last week heard a claim by a minority holder in SEB Unibanka, against the country's financial watchdog, for approving the majority owner's buy-out offer.Firebird Republics Fund, an offshore investment company, had filed the claim on the basis that Skandinaviska Enskilda Banken's buy-out price 's 2.24 lats (3.18 euros) per share 's did not reflect the SEB Unibanka's fair value and therefore the financial authorities should not have registered the transactio ...

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