COBALT advises investor in acquisition of Bank M2M Europe

COBALT advised and represented a Latvian investor Hansalink SIA in respect of acquisition of a direct qualifying holding in Bank M2M Europe.

On 20 September 2017 the European Central Bank (ECB) and the Financial and Capital Markets Commission (FCMC) granted permission to acquire majority shareholding in Bank M2M Europe AS to a group of new shareholders – Signet Global Investors Ltd (25%), Hansalink SIA (22.3%) and Fin.lv SIA (8.79%).

COBALT advised and assisted Hansalink SIA in preparation of the documentation for the filing for acquisition of the qualifying holding in Bank M2M Europe, and represented the client in liaising with the ECB and FCMC in the application review process. The banking and finance team was led by managing partner Lauris Liepa.