Šiaulių Bankas and Invalda INVL to merge retail businesses in €40m deal

Šiaulių Bankas and Invalda INVL to merge retail businesses in €40m deal

Lithuanian commercial bank Šiaulių Bankas and investment management and life insurance group Invalda INVL will merge their retail businesses following the approval of the latter’s management board. The transaction with an equity value of €40.2 million is expected to establish a next-generation financial market player which is modern and customer-focused, while generating value for the […]