Bank of Estonia OKs takeover

Estonia's Hansapank said on Tuesday the country's central bank had approved its deal to buy Lithuanian Taupomasis Bankas .

Hansapank - 58 percent owned by Sweden's Swedbank - did not add any details in its statement.Hansapank signed a deal with the Lithuanian state property fund on April 23 to buy a 91 percent stake in Taupomasis Bank for 150 million Lithuanian litas ($37.5 million) and also committed itself to invest another 150 million litas in the bank over the next 18 months.

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