Riga, Latvia, 2015-06-16 12:12 CEST (GLOBE NEWSWIRE) -- The holding company AmberStone Group, AS, established a new affiliate company ASG 1, SIA, and its share capital amounts to EUR 25 000. Respectively, ABLV Bank, AS acquired indirect qualifying holdings in ASG 1, SIA (through AmberStone Group, AS where ABLV Bank holds 24.64% of shares).
As we announced earlier, the issue of shares of AmberStone Group, AS, organised by ABLV Bank, AS, has been successfully completed. Following the issue of shares of AmberStone Group, EUR 21.0 million increased to EUR 35.0 million, thus increasing the company’s share capital. The issue was aimed at raising additional funds for the company's development and increasing the number of the company's shareholders.
AmberStone Group, AS is a holding company established in 2013 that manages its affiliate companies operating in various areas. The main long-term financial objective is to increase the value of the holding company as well as to ensure sustainable operations of its affiliate companies. There are 103 shareholders in AmberStone Group, the biggest shareholder is ABLV Bank, AS ownin 24,64% of shares. The holding company owns 70% of Vaiņode Agro Holding, SIA; 60% of Orto klīnika, SIA; and 100% of ASG 1, SIA.
Jānis Bunte
PR Specialist
ABLV Bank, AS
Tel.: +371 6777 5432
e-mail: janis.bunte@ablv.com