Ellex has represented Estonia's Inbank on its acquisition of 100% of the shares of UAB Mokilizingas from its shareholders, LHV Group and UAB Inovatyvus Prekybos, after receiving the permission of the Bank of Lithuania to finalize the deal.
Ellex describes Mokilizingas as "one of the major players in the Lithuanian consumer credit market, also providing services in Latvia.”
The acqusition, which according to Inbank is one of the steps forward in implementing the bank’s international development strategy, is worth EUR 15 million. After this deal, Inbank will expand further as an international bank – more than a half of its loans portfolio will be accumulated outside Estonia.
Ellex did not reply to our inquiries on the matter.