LHV Institutional Weekly Review
* EfTEN Real Estate Fund III (EFT1T ET) News Update: The second attempt to merge two EfTEN funds* EFT announced that it has signed a merger agreement with EfTEN Kinnisvarafond AS ('EKF'), aiming to complete the merger process by the end of Q1 2023. The transaction is structured as a non-monetary contribution of EKF shares for newly issued EFT shares according to the merger replacement ratio based on the EPRA NAV per share of each fund as at the end of 2022. As a result of the merger, the size of EFT would more than double, with the total property portfolio exceeding EUR 370m.
* Key metrics for stocks covered.
LHV Bank is an independent pan-Baltic bank, based on Estonian capital. The company was founded in 1999 by two founders of Hansapank (today’s Swedbank in the Baltics) and has been offering a full range of investment services for 15 years. In May 2009, LHV received a credit institution licence allowing it to provide all banking services.
The head office is situated in Tallinn, Estonia. Cross-border services are offered in Vilnius, Lithuania and in Riga, Latvia. LHV provides brokerage (institutional and retail), asset management, banking and capital markets services. Compared to other banks, we are more innovative and have more solid experience in investment and entrepreneurship.
The Bank, together with the Group asset management company employs over 320 people. LHV Group shares are listed on Nasdaq Tallinn.
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