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Svenska Handelsbanken interested in participating in privatisation of Latvian bank - report.

NORDIC BUSINESS REPORT-13 June 2006-Svenska Handelsbanken interested in participating in privatisation of Latvian bank - report(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish bank group Svenska Handelsbanken has reportedly contacted the Latvian state about the possibilities to participate in a possible privatisation of the bank Hipoteku Banka.

According to a spokesman for Handelsbanken, quoted by the Swedish news agency Direkt, the bank contacted the Latvian state as part of its continuing efforts to identify potential acquisition targets.

Hipoteku Banka operates some 40 branch offices in Latvia.

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Title Annotation:Hipoteku Banka
Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUSW
Date:Jun 13, 2006
Words:101
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