On Tuesday, 6 November 2012, shares of Lithuania’s
largest publicly-traded bank, AB Ūkio bankas, continued their almost two-year slide
after the company announced the day before that it had boosted its interest in the
Vilnius stadium-development firm “UAB Žalgirio sporto arena” from 5.1% to 100%
at a cost of 357 million litas (€ 103.4 mln).
The bank’s stock, which is traded on the NASDAQ OMX Baltic exchange under
the symbol “UKB1L”, opened Tuesday at € 0.152 and fell to € 0.146 before
closing the day at € 0.148, a drop of 2.63% for the day and a decline of 60.31%
from the stock’s high of € 0.383 achieved on 5 January 2011.
Announcement by the bank: Ūkio
banko grupėje – naujos dukterinės įmonės (2012-11-05)
UKB1L data page at NASDAQ OMX
Baltic exchange: Ūkio
bankas
See also: Stadiono
perėmimas už 357 mln. litų verčia spėlioti, kas dar Ūkio banko balanse?
(2012-11-06)
Note: AB Ūkio bankas's principal owner, Vladimir Romanov, through firms such as
“UAB Ūkio banko investicinė grupė” (ŪBIG) owns a controlling interest in Balkan
Investment Bank (Балкан Инвестмент Банка а.д. Бања Лука) in Bosnia and
Herzegovina, a bank mentioned last week in this column.
Mark Pleas
[contact]
