IUTECREDIT FINANCE S.A.R.L. IuteCredit increased its share of Energbank to 67.8% - Supermajority enables full operational control
Transparency directive : regulatory news
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DGAP-News: IuteCredit Finance S.à.r.l.
/ Key word(s): Acquisition/Mergers & Acquisitions
IuteCredit increased its share of Energbank to 67.8% "Supermajority enables full operational control. We will proceed with a mandatory takeover bid to the remaining minority shareholders, while simultaneously preparing to elect new members to the governing bodies of the bank and to start integration of the bank with IuteCredit Group. Our objective is to adopt our fintech solutions and customer-centric culture at the bank. Iute is becoming a fast and convenient modern fintech bank," said Tarmo Sild, Group CEO of IuteCredit. Kristel Kurvits, Group Chief Financial Officer (CFO) About IuteCredit: IuteCredit - established in 2008 - is a leading European personal finance company. The Group is specialized in consumer credits via its 100% subsidiaries using equity and loan capital. IuteCredit serves customers currently in Moldova, Albania, North Macedonia, and Bulgaria as well as Bosnia and Herzegovina. IuteCredit's loan products are unsecured consumer loans with maturities between 1 month and 48 months and car-secured loans with maturities up to 72 months. IuteCredit operates its own ATM network which is used via smartphone app. The mission of IuteCredit is to create the extraordinary experience in personal finance by exceeding customers' expectations.
23.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | IuteCredit Finance S.à.r.l. |
| 14, rue Edward Steichen | |
| 2540 Luxembourg | |
| Luxemburg | |
| ISIN: | XS2033386603, XS2378483494 |
| WKN: | A2R5LG , A3KT6M |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1286707 |
| End of News | DGAP News Service |
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1286707 23.02.2022