Swedbank acquisition of Danske Bank Latvian and Lithuanian retail businesses

6/6/2016
Public acquisition

€ 641 million

$ 679.034 million

Completed

6/6/2016


Overview:

  • Swedish bank Swedbank completed the acquisition of the Latvian and Lithuanian retail banking services of Denmark-based Danske Bank.
  • The value of the transaction was not disclosed, but it was announced it would affect around 120,000 private customers in Lithuania with a total loan portfolio of approximately €525 million and 7,000 in Latvia, where the portfolio is approximately €116 million.

Jon Moore - Journalist

Jurisdictions:

Latvia
Lithuania

Deal type:

Public acquisition

Practice area:

M&A

Governing laws:

Latvia
Lithuania

Industry sector:

Banking


Firms:

Party: Danske Bank (Seller)

Lawyer: Egons Piķelis