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Hanza Lizings grabs for more

Jul 30, 1998
Anastasia Styopina

RIGA – Consolidation processes that currently characterize the Estonian financial market have been having an effect on the country's southern neighbor as well. After Estonian-based Hansapank swallowed Hoiupank, its Latvian subsidiaries followed suit with a merger of their own..Two leasing companies, Hanza Lizings and Latvijas Zemes Bankas Lizings (LZB Lizings), signed a consolidation agreement July 22. Hanza Lizings acquired LZB Lizings' shares at their face value for 20,000 lats ($33,000).Hanza ...

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