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Hansapank receives major money shots

Nov 26, 1998
Kairi Kurm

TALLINN - Hansapank, the largest bank in the Baltic states, received a large loan and sold a big chunk of its share capital last week to Swedbank. A total of 2.67 billion kroons ($198 million) was deposited in Hansapank's account last week, 1.47 billion kroons of which came from a share issue and 1.2 billion kroons from a syndicated loan organized by the European Bank for Reconstruction and Development. Hansapank has decided to use the money to pay back all its loans expiring this year and to le ...

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