IUTECREDIT FINANCE S.A.R.L. IuteCredit submits mandatory takeover offer to minority shareholders of Energbank - Preparations for the election of new members to the Bank's governing bodies
Transparency directive : regulatory news
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DGAP-News: IuteCredit Finance S.à.r.l.
/ Key word(s): Offer
IuteCredit submits mandatory takeover offer to minority shareholders of Energbank On 25 March 2022 the National Commission for Financial Markets (NCFM) of Moldova registered the mandatory takeover offer for 327,692 shares or 16,3846% of Energbank at the price of MDL 213,04 per share. The term of the takeover offer is 14 days starting from the day of the announcement. "The submission of the mandatory takeover offer to the remaining minority shareholders is the final step in the acquisition of Energbank. At the same time, we are preparing to elect new members to the governing bodies of the bank and plan to integrate the bank into IuteCredit Group. We will adapt our fintech solutions and customer-centric culture at Energbank and become a fast and convenient fintech bank," said Tarmo Sild, Group CEO of IuteCredit. Kristel Kurvits, Group Chief Financial Officer (CFO) 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 with a consolidated balance sheet exceeding 300 million EUR. 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 a smartphone app. The mission of IuteCredit is to create the extraordinary experience in personal finance by exceeding customers' expectations.
29.03.2022 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: | 1314655 |
| End of News | DGAP News Service |
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1314655 29.03.2022