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Inbank and Eesti Ühistukapital signed an agreement, as a result of which Eesti Ühistukapital will acquire 5% of Coop Pank's shares from Inbank.
According to Ülle Mathiesen, the Chairman of the Management Board of Eesti Ühistukapital, this agreement will preserve the original aim to cooperate with other cooperatives and community initiatives in important areas of Estonian society, and she believes that the diverse membership of the cooperative will continue to contribute to the rapid development of Coop Pank.
TÜ Eesti Ühistukapital, formerly known as Eesti Ühistupank (Estonian Cooperative Bank) is founded by the Tallinn City Government and consists of 162 private and legal members, including the City of Tallinn, Tartu Consumers Cooperative, Mainor, Estiko, E-Piim Tootmine, Endover Kinnisvara, Silikaat Grupp, Saidafarm, Fund Ehitus and Seven Oil. The founding members were Põlvamaa, Kambja, Rural Development and Kehtna credit and loan associations, EELK Varahaldus and several smaller companies.
On the same topic
Äripäev: Inbank sold a part of its Coop Pank shares (in Estonian)
Delfi: Inbank sold a piece from Coop Pank to the former Cooperative Bank (in Estonian)
Pealinn: Ühistukapital acquired an ownership in COOP Pank (in Estonian)
Raamatupidamisuudised: Tallinn commercial association bought a 5% ownership in Coop Pank (in Estonian)
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