SEB Estonia joins TietoEnator/Hansabank JV
TietoEnator Support OÜ, the joint venture established by TietoEnator and Hansabank on 30 June 2004, will also include SEB Eesti Ühispank. TietoEnator will maintain its 60% holding in the company and the remaining 40%, currently owned by Hansabank, will be split evenly between Hansabank and SEB Eesti Ühispank. This agreement is valid from 21 December 2005.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
TietoEnator Support OÜ will also proceed with outsourcing negotiations with SEB Eesti Ühispank. The parties have signed a letter of intent regarding the outsourcing of on-site services and resources in Estonia (as outlined in the stock exchange release of 9 May 2005).