- September 29, 2021
- Posted by: Stratford Team
- Category: Business
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 29 SEPTEMBER 2021 AT 8.30 A.M. EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF EXCHANGE
The business transfer between Oma Savings Bank Plc and Eurajoen Savings Bank will take place – estimated impact on profit 14-16 million euros
On 23 September 2021, Oma Savings Bank (OmaSp or the company) announced the Board’s decision to acquire the business of Eurajoen Savings Bank in accordance with the acquisition plan. The decision was conditional and its entry into force required a decision by the governing body of Eurajoen Savings Bank. At its meeting on 28 September 2021, the governing body of Eurajoen Savings Bank decided to transfer the business of Eurajoen Savings Bank to OmaSp in accordance with the acquisition plan registered in June 2021, and therefore the decision of OmaSp’s Board of Directors to acquire the business has taken effect.
Estimated impact on profit 14-16 million euros
According to the…