MeritaNordbanken to shed real estate via Aleksia offering

Article Abstract:

MeritaNordbanken Group announced that it is selling off 50% of its real estate assets. Merita will sell the assets through the stock market listing of its Aleksia division.

Real Estate, Real Estate and Rental and Leasing, Securities issued, listed, Real estate industry, Securities

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MeritaNordbanken targets Polish bank

Article Abstract:

MeritaNordbanken announced that it is planning to acquire a share in Bank Komunalny SA of Poland. MeritaNordbanken plans to purchase 49.9% of Komunalny for 35 million zlotys (8.6 million euros). MeritaNordbanken plans to make Komunalny into a major retail lender in Poland within the next five years. The bank will initially acquire 38% of Komunalny by way of a capital increase. MeritaNordbanken is a Swedish-Finnish banking firm.

Comment:

MeritaNordbanken planning to acquire 49.9% share in Bank Komunalny

Sweden, Poland, Bank Komunalny SA

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Norwegian government rejects bid of MeritaNordbanken for Christiania

Article Abstract:

MeritaNordbanken's bid of $3.1 billion (2.94 billion euros) to acquire Christiania Bank was turned down by the government of Norway. The rejection reflected the nationalist policies that continue to dominate Norway.

Norway, Economic policy, Abstract, Christiania Bank A/S

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