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Inbank acquires full-service car rental company Mobire Group
Globenewswire· 2025-11-12 06:30
Core Insights - Inbank's subsidiary AS Inbank Holdings has signed an agreement to acquire an additional 33% stake in Mobire Group OÜ, increasing its ownership to 100% [1] - The acquisition aligns with Inbank's long-term strategy in the profitable and fast-growing full-service car rental segment in the Baltics [2] - Mobire Group operates independently under its existing governance and brand, continuing to be led by CEO Andrus Valma [2][3] Company Overview - Mobire Group is the leading full-service car rental provider in the Baltics, managing a fleet of over 4,800 vehicles and reporting a consolidated turnover of €47.4 million in 2024 [4] - Inbank is a financial technology company with an EU banking license, partnering with over 5,900 merchants and managing 915,000+ active contracts across 7 European markets [5] Transaction Details - The price of the transaction has not been disclosed, and it is subject to approval from competition authorities in Estonia and Lithuania, with completion expected in Q1 2026 [3]
AS Inbank entered into merger agreement with Inbank Ventures OÜ
Globenewswire· 2025-06-20 13:30
Group 1 - AS Inbank has entered into a notarial merger agreement with its 100% subsidiary Inbank Ventures OÜ, resulting in Inbank Ventures OÜ ceasing to exist without liquidation, with AS Inbank becoming its legal successor [1] - The purpose of the merger is to align the Group's legal structure with its actual business operations and enhance organizational efficiency, while leaving consolidated assets, rights, and obligations unchanged [1] - The merger will take effect after receiving approval from the Financial Supervision and Resolution Authority, with completion expected in the first quarter of 2026 [2] Group 2 - Inbank operates as a financial technology company with an EU banking license, connecting merchants, consumers, and financial institutions on its embedded finance platform [3] - The company partners with over 5,600 merchants and has more than 941,000 active contracts, collecting deposits across 7 markets in Europe [3] - Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange [3]