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Internal affairs minister cries foul

Sep 24, 1998
Urmas Maranik

TALLINN - After merging back in April, the Hansapank-Hoiupank cooperation has become the largest financial structure in the Baltics, but at least one former Hoiupank official says there was more to this decision than meets the eye."The merger of Hansapank and Hoiupank was a classic hostile takeover [of Hoiupank] initiated by [Hansapank's] large Swedish shareholders," said Olari Taal, former Hoiupank director and current Estonian minister of internal affairs."Estonian participants were pawns on a ...

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