why is he reporting this when in his words there are no direct links between Hearts and Ukio? fanny
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Banderson was tweeted by a Lithuanian journalist which is very strange, this would imply that he has used a bit of nous to find out more and be kept abreast of developments. Like I said strange as he is a sports journo and not a business one and doesn't like his integrity called into question.:loser:
Things are moving a little faster now. :greengrin
The puddle drinkers over the road are starting to realise they are in deep sheee!te.
had a wee peak there on kickback (looks like a website a pub team would set up) and im more shocked, not at their dilusion that this wont affect them but more at none of them know anything about it.
total :ostrich::monkey::vladsheep:
No you're quite right.It's basically a transfer of the business -the receiving will then start to examine the business they've got-just as Lloyds did with Bank of Scotland.It won't be quick and will be complicated if as I think is right UBIG are part owners of Ukio Bankus not just customers.
He claims he doesn't cover business matters soa after a dusting down on twitter during which he comes over all high and mighty he then starts posting business news. He's a big bandy, baby-brain who is clueless as to what is happening/has happened at Hearts. All he's good for is PR for the sparryheids.
From the Bloomberg piece:
Quote:
It was not clear whether Siauliu would agree to acquire any of the foreign assets that Ukio’s majority owner Vladimir Romanov, or companies related to him, had pledged to the bank as loan security, Vasiliauskas said. Those included assets related to Edinburgh soccer club Heart of Midlothian, the Birac AD alumina producer in Bosnia and Herzegovina, real estate in Moscow and other things, he said.
Unhealthy assets would be split off and, if recovered, distributed to Ukio creditors, the central banker said.
Temporary administrator Adomas Audickas’s report on Ukio found that the bank’s liabilities exceeded its assets by about 1.1 billion litai.
In order to proceed quickly, that preliminary estimate would be the basis for negotiations with Siauliu, Audickas told reporters at the same press conference. An independent appraiser would then value the property in detail, and any differences would be settled between the parties later, he said.
Thanks for posting that, I hadn't seen it.
Here's the link http://www.bloomberg.com/news/2013-0...-takeover.html
Dunno if someone has already posted it.. And I don't care cause it's worth another look !!
http://sphotos-e.ak.fbcdn.net/hphoto...93663270_n.jpg
Ok so the Ukio Bankas are in administration im calling for a immediate 18 point deduction for **** just to get the ball rolling .
Hows the table looking now :na na:
Fantastic where did it come fae?
Successful transfer of Ukio’s assets, rights and liabilities to Siauliu Bankas, after removing the bad loans, would mean the insurance fund will only have to pay out about 800 million litai ($309 million), Vasiliauskas said.
Taken from the Bloomberg link further up the page.