OREANDA-NEWS. AS LHV Group has decided to increase the share capital of AS LHV Varahaldus, of which AS LHV Group is the sole shareholder, by 8.243 million euros to EUR 12 million, the maximum amount allowed by the articles of association. The share capital will be increased by issuing new shares of AS LHV Varahaldus on February 18, 2016. The new shares will be subscribed by AS LHV Group.

Enlargement of share capital is needed by AS LHV Varahaldus for the purchase of Danske Capital AS from Danske Bank A/S. The aim of the transaction is to expand the business activities of Aktsiaselts LHV Varahaldus and thereby offer the mandatory pension fund clients the best long-term investment service.

The purchase of Danske Capital AS will presumably be finalized during the first half-year, provided that all the conditions precedent to the finalization have been fulfilled. The transaction price shall be determined upon the finalization.