Latvijas Krajbanka Received Permission for Spoziv Servis Acquisition
OREANDA-NEWS. On October 14, 2008 The Ukrainian Antimonopoly Committee has issued the permission to AS “Latvijas Krajbanka” for overtaking of control in the company „Spoziv Servis”, reported the press-centre of Latvijas Krajbanka.
The transaction will be made after AS “Latvijas Krajbanka” will purchase 51% of Latvian company SIA „Center Credit” capital shares. The transaction will be over after the procedures and settlements, stipulated in the Purchase contract, are performed, but not later than within two months after the Purchase contract conclusion day. The information on the acquisition transaction of SIA “Center Credit” capital shares was published on the websites of OOICGS, AS “Rigas Fondu birza” and AS “Latvijas Krajbanka” on August 28th 2008.
AS "Latvijas Krajbanka" provides different financial services both for private persons and legal entities, and it has the widest client service centre network in Latvia. With the acquisition of 51% of capital shares of SIA “Center Credit”, which holds 100% capital shares of the limited liability company “Spozhiv Servis” registered in the Ukraine, AS “Latvijas Krajbanka” will continue implementing its strategy, which foresees development of the full range of financial services, including crediting
“The decision for making this investment was adopted after serious evaluation of current situation on the Ukrainian financial market,” emphasizes the first vice-president of AS “Latvijas Krajbanka” Dzintars Pelcbergs. “The bank’s desire to expand its group’s representation on the markets outside Latvia also plays essential role.”
* This is regulated information disclosed by the issuer AS “Latvijas Krajbanka”, reg. No. 40003098527, in accordance with the requirements of Article 642 and 87 of the Law on the Financial Instruments Market. This information is precise, true and exact, and it is prepared in accordance with the procedures existing in the AS “Latvijas Krajbanka”. The regulated information is brought out to the mass media in the form of full unaltered text, which was sent to ORICGS on 14.10.2008 at 17:15.
Subject: AS “Latvijas Krajbanka” receives permission from the Ukrainian Antimonopoly Committee for acquisition of the company „Spoziv Servis”.