Growmore to acquire Medicinos Bankas.

Growmore, a global investment and financial services conglomerate, agreed to acquire Medicinos Bankas, a Lithuanian bank. Financial terms were not disclosed. "This deal marks a strategic step in Growmore's vision of evolving into a full-suite financial services conglomerate. Operating in a highly competitive and high-potential market, Medicinos Bankas is well capitalized and has reported continued growth over the years. Despite the challenging global environment, we continue to look at growth opportunities with the goal of creating a one-stop shop for the banking needs of our clients while delivering long-term value to all our stakeholders," Nitin Shelke, Growmore Group Chairman.