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08

06
2020

FORT advises LHV in acquisition of Danske Bank’s ca 300 mEUR unit involved with Estonian corporate and public sector credits

On 08, 06 2020 | One Comment | In Uncategorized | By Kadri Lensment

FORT Advises AS LHV Pank, a subsidiary of AS LHV Group, in acquisition of Danske Bank’s business unit operating the Estonian corporate and public sector credits, that as at the end of April amounted to approximately 312 million euros.

The transaction will be closed in October and is subject to competition clearance.

With the transaction, LHV Pank will take over from Danske Bank the servicing of about 670 business clients and 85 public sector customers.

FORT project team consists of Minni-Triin Park, Kirsti Pent, Kuldar-Jaan Torokoff, Rene Frolov, Olger Kaelep, Riin Rehepapp, Karl Kahm and Gerda Raag.  See the relevant stock exchange announcement HERE