Danske Bank to promote Estonian non-public loans unit to LHV in $458 million deal By –

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© -. A lady walks previous Danske Bank’s Estonian department in Tallinn

COPENHAGEN (-) – Danske Bank, which has been embroiled in a significant cash laundering scandal, has agreed to promote its portfolio of Estonian non-public loans to LHV Pank in a deal value 410 million euros ($458.three million), LHV stated on Monday.

Danske Bank stated final 12 months it had begun closing elements of its Estonian enterprise which has been on the middle of an investigation into alleged cash laundering and prompted a U.S. felony investigation.

(This story corrects forex conversion in paragraph one)

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