ABLV Private Equity Management, SIA acquired SIA NR SPV

Riga, Latvia, March 7, 2016, 12:43 / Investments

ABLV Bank, AS affiliate company, ABLV Private Equity Management, SIA, has acquired SIA NR SPV, becoming a 100% member of the acquired company. In addition, the name of SIA NR SPV has been changed to PEM 1, SIA.

ABLV Bank, AS keeps substantial indirect interest in the above-mentioned company.

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s major shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86.25% of the bank's voting share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, and Limassol.