On Changes in AmberStone Group, AS Holding Structure

Riga, Latvia, January 31, 2017, 14:16 / Banking

SIA “Vaiņodes Bekons”, a subsidiary of AmberStone Group, AS holding company, disposed of all its SIA “IZ SPV” capital shares (100%).

Respectively, ABLV Bank, AS has ended indirect qualifying holding in SIA “IZ SPV” previously acquired via AmberStone Group, AS.

AmberStone Group, AS is a holding company established in 2013 that manages its subsidiaries and affiliate companies operating in various areas. The main long-term financial objective is to increase the value of the holding as well as to ensure sustainable operations of its subsidiaries and affiliate companies. There are 104 shareholders in AmberStone Group, and the biggest shareholder is ABLV Bank, AS owning 24.28% of shares of the holding company. The holding company owns 70% of Vaiņode Agro Holding, SIA; 60% of Orto klīnika, SIA; 22.66% of Grindeks, AS; 100% of ASG 1, SIA; 90% of ASG 2, SIA; 100% of ASG 3, SIA, and 100% of AmberStone Hotels, SIA.