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The EBRD informed the Bank of Lithuania of an agreement it signed with the Latvian Privatisation Agency on the acquisition of shares, that will allow the EBRD to acquire 25% plus 1 share in the share capital of AS Citadele bankai n the Republic of Latvia. The 100% of the authorised capital of AB Citadele is owned by AS Citadele banka. Consequently, the EBRD will be considered the owner of the qualifying holding in the authorised capital / voting rights AB Bank Citadele registered in the Republic of Lithuania, which it acquired indirectly. The EBRD asked the Bank of Lithuania to confirm it had no objections to such a deal.
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