TALLINN, Finland, Oct. 9, 2003 (PRIMEZONE) -- Hansabank's (Other OTC:HNSBF) Lithuanian subsidiary AB Bankas Hansabankas has today signed a purchase agreement for acquiring 100% of the life insurance subsidiary of UAB Lietuvos Draudimas, UAB Lietuvos Draudimo Gyvybes Draudimas (LDGD). Hansabankas is paying LTL 63.5 million (EUR 18.4m) for the company. LDGD holds 42% of the Lithuanian life insurance market. Collected premiums in the first half of 2003 amounted to LTL 42.2 million (EUR 12.2m).
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