EBRD invests in Šiaulių bankas


The European Bank for Reconstruction and Development will invest in the share capital of Šiaulių bankas AB.

On 5th April 2005 the board of EBRD approved the project to invest in Šiaulių bankas. EBRD will acquire an emission of 12 million ordinary registered shares with the nominal value of 1 LTL that will be issued on the decision of Shareholders’ General Meeting, which was convened on 30th March 2005. EBRD will pay LTL 1.70 per share. The share of EBRD in the increased share capital of Šiaulių bankas will amount to 16%.