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Hansabank and TietoEnator (Fin) IT Company Signs Agreement to Establish a Joint Venture

Hansabank and the Finnish IT-company TietoEnator have signed a shareholders' agreement to establish a joint venture.

The new company, TietoEnator Support OU, will start to maintain Hansabank's POS, ATM and PC networks in Estonia.

The company will start to offer similar services also to other companies, the bank said.

Hansabank's participation in the new company will be 40 % and TietoEnator's holding 60 %. Hansabank will invest 1.2 million kroons in the new company's share capital.

(NewsBase 05.vii.04)

 
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