Creating a Nordic Bank: SEB-Vilniaus Bankas

Kristina Šimkutė
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Kristina Šimkutė: Copenhagen Business School

Chapter 13 in Acquisition Strategies in European Emerging Markets, 2007, pp 176-189 from Palgrave Macmillan

Abstract: Abstract This case describes how Skandinaviska Enskilda Banken (SEB) Group acquired Vilniaus Bankas (VB) in Lithuania in 1998. SEB entered the Lithuanian banking sector with the wave of privatization in 1998, when the government adopted the strategic foreign investor approach. Foreign investors therefore acquired Vilniaus Bankas, the State Savings Bank and the State Agricultural Bank. SEB was the first to enter the market and acquire VB. The other two banks were privatized later: the State Savings Bank was privatized in 2001 by the Swedish bank Hansabank, and the State Agricultural Bank was privatized in 2002 by the German bank Nord/LB.

Keywords: Central Bank; Large Bank; Private Bank; State Saving; Baltic State (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28654-2_13

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DOI: 10.1057/9780230286542_13

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