Unibanka given green light to buy shares

  • 2004-06-10
  • Baltic News Service
RIGA - The council of the Finance and Capital Markets Commission, the market's supervisory authority, has allowed Sweden's Skandinaviska Enskilda Banken to make a final buyout offer of Latvijas Unibanka's shares in order to become sole owner of the bank.

Spokeswoman for the FCMC, Laura Birzina, said SEB would be able to buy Unibanka shares for 2.24 lats (3.34 euros) each.
SEB said earlier that it had decided to make the final buyout offer in order to acquire 100 percent ownership in the bank, which meant Unibanka shares would not return to the Riga Stock Exchange.