trending Market Intelligence /marketintelligence/en/news-insights/trending/NUWz5lR24pFH80FXyU5MEg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Latvia's Citadele banka to acquire UniCredit's Baltic leasing operations

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Latvia's Citadele banka to acquire UniCredit's Baltic leasing operations

Latvia's AS Citadele banka agreed to acquire the Baltic leasing operations of Italy's UniCredit SpA.

Terms of the transaction were not disclosed. The deal will see Citadele acquire 100% of SIA UniCredit Leasing and its wholly owned unit SIA UniCredit Insurance Broker, as well as their branches in Estonia and Lithuania.

The transaction would make Citadele banka one of the three largest players in the country's leasing market, it said Dec. 11. The deal is expected to be completed in the first quarter of 2020, subject to mandatory approvals.

Citadele noted that its aggregate net leasing loans will exceed €1.1 billion as a result of the acquisition, which will significantly boost its presence in the Baltics.