MTBank purchases Idea Bank from Polish Getin Holding S.A. for Br50m
<p> MINSK, Apr 1 - PrimePress. Belarusian MTBank CJSC has purchased a 99.999% stake in Idea Bank from the Polish Getin Holding S.A. for Br50 million ($19.061 million at the rate of National Bank of Belarus), MTBank said in a press-release. </p> <p> </p> <p> All Idea Bank’s products and services will remain available to its customers in full during the transition period, which will last till late 2021. </p> <p> </p> <p> Getin Holding S.A. and Minsk Transit Bank CJSC signed on November 19, 2020 a letter of intent on the acquisition of a 99.999% stake in Idea Bank CJSC by MTBank, preliminary, before January 4, 2021. </p> <p> </p> <p> Getin Holding S.A. started procedures for the sale of Idea Bank in July 2020 after receiving two optional purchase offers. </p> <p> </p> <p> Idea Bank CJSC (Sombelbank until February 2013) was registered in April 2004. Getin Holding S.A. is its principal shareholder. </p> <p> </p> <p> MTBank CJSC was registered by the National Bank of Belarus in March 1994. Its shares are held by Energo Oil CJSC and Belneftegaz ALC, beneficiary owners being Aleksei Oleksin and Inna Oleksina. End </p>
2021-04-02
Primepress
MTBank purchases Idea Bank from Polish Getin Holding S.A. for Br50m
MINSK, Apr 1 - PrimePress. Belarusian MTBank CJSC has purchased a 99.999% stake in Idea Bank from the Polish Getin Holding S.A. for Br50 million ($19.061 million at the rate of National Bank of Belarus), MTBank said in a press-release.
All Idea Bank’s products and services will remain available to its customers in full during the transition period, which will last till late 2021.
Getin Holding S.A. and Minsk Transit Bank CJSC signed on November 19, 2020 a letter of intent on the acquisition of a 99.999% stake in Idea Bank CJSC by MTBank, preliminary, before January 4, 2021.
Getin Holding S.A. started procedures for the sale of Idea Bank in July 2020 after receiving two optional purchase offers.
Idea Bank CJSC (Sombelbank until February 2013) was registered in April 2004. Getin Holding S.A. is its principal shareholder.
MTBank CJSC was registered by the National Bank of Belarus in March 1994. Its shares are held by Energo Oil CJSC and Belneftegaz ALC, beneficiary owners being Aleksei Oleksin and Inna Oleksina. End