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Coop Pank — M&A Activity 2024
Apr 1, 2024
2213_iss_2024-04-01_26066e14-04d2-4997-8030-e2fa523bbd5f.pdf
M&A Activity
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| Company | Coop Pank AS |
|---|---|
| Type | Company Release |
| Category | Other corporate action |
| Disclosure time | 01 Apr 2024 09:30:00 +0300 |
Currency
Completion of merger of Coop Pank AS and Coop Finants AS Title
On 01 April 2024 the merger of Coop Pank AS (Coop Pank) and Coop Finants AS was entered into the Estonian Commercial Register. With the entry, the merger has been completed.
As a result of the merger, Coop Pank is the legal successor of Coop Finants AS and Coop Finants AS was deleted from the Estonian Commercial Registry. With registration of the merger in the Estonian Commercial Registry, all the assets, rights and obligations of Coop Finants AS were transferred to Coop Pank. The balance sheet date of the merger was 1 October 2023. Since it is an intragroup merger, it does not have an impact on the consolidated financial position and rights and obligations of Coop Pank's group.
Earlier information announced by Coop Pank about the merger is available here (https://view.news.eu.nasdaq.com/view?id=b30cb914acd1a2a87cde077d715cc01c6&lang= en) and here (https://view.news.eu.nasdaq.com/view?id=b81b4ec4d6408b042e2f6303a32067c54&lang= en).
Additional information: Paavo Truu CFO Phone: +372 5160 231
E-mail: [email protected] (mailto:[email protected])
Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 187,100. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people's homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.
Finantsinspektsioon http://www.fi.ee
On 01 April 2024 the merger of Coop Pank AS (Coop Pank) and Coop Finants AS was entered into the Estonian Commercial Register. With the entry, the merger has been completed.
As a result of the merger, Coop Pank is the legal successor of Coop Finants AS and Coop Finants AS was deleted from the Estonian Commercial Registry. With registration of the merger in the Estonian Commercial Registry, all the assets, rights and obligations of Coop Finants AS were transferred to Coop Pank. The balance sheet date of the merger was 1 October 2023. Since it is an intragroup merger, it does not have an impact on the consolidated financial position and rights and obligations of Coop Pank's group.
Earlier information announced by Coop Pank about the merger is available here (https://view.news.eu.nasdaq.com/view?id=b30cb914acd1a2a87cde077d715cc01c6&lang= en) and here (https://view.news.eu.nasdaq.com/view?id=b81b4ec4d6408b042e2f6303a32067c54&lang= en).
Additional information: Paavo Truu CFO Phone: +372 5160 231
E-mail: [email protected] (mailto:[email protected])
Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 187,100. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people's homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.
Finantsinspektsioon http://www.fi.ee