New Companies Belonging to AmberStone Group, AS Are Registered

Riga, Latvia, November 7, 2017, 09:15 / Investments / Inside information

In early November 2017, two new companies were founded in the structure of the holding company AmberStone Group, AS.

AmberStone Shipping, SIA, a subsidiary of AmberStone Group, AS founded MV Bonay, SIA with a share capital of EUR 162,000, and MV Bonita, SIA with a share capital of EUR 138,000. Both companies are 100% owned by AmberStone Shipping, SIA and their principle type of operation is cargo shipping.

Respectively, ABLV Bank, AS acquired indirect qualifying holdings in the newly founded companies via AmberStone Group, AS where ABLV Bank holds 24.28% of shares.

This announcement contains inside information.

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 company 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 75% 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; 100% of AmberBirch, SIA, 100% of AmberStone Hotels, SIA, and 100% of MV Bon Vivant, SIA, 100% of AmberStone Shipping, SIA, and 100% of ASG 5, SIA.

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 87.03% 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; Pillar Development, SIA, and other companies. ABLV Consulting Services has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, and Limassol.