SIA "Amber Beverage Group" was established as a Baltic holding to supervise the finances of its subsidiaries, including distribution of concern's available financial resources. To implement this task the group's external financing restructuring was accomplished and as a result SIA "Amber Beverage Group" took over the short-term part of external financing. The restructuring resulted in pledges from SIA "Amber Beverage Group" and other group companies registered in favour of existing creditors of group companies - AS "Swedbank" and/or Nordea Bank AB Latvia Branch. Regarding AS "Latvijas balzams" pledge 56.53 million EUR in favour of AS "Swedbank" it should be emphasized that this is not a new pledge but renewal of previously registered AS "Latvijas balzams" pledge, which maximum amount of registered claim after renewal is not increased.
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