Statement of AS “Rietumu Banka” on the acquisition of qualifying holding in AS “Latvijas Gāze”
06 Dezembro 2023 - 3:30AM
Statement of AS “Rietumu Banka” on the acquisition of qualifying
holding in AS “Latvijas Gāze”
AS "Latvijas Gāze" (hereinafter – the Company)
received a statement by AS “Rietumu Banka” (hereinafter – Rietumu
Banka) of the acquisition of qualifying holding in AS “Latvijas
Gāze” due to the completed transaction with “Energy Investments”
SIA, which, as part of financing the management buy-out
(hereinafter - MBO) project, sold the issuer’s shares (~29%)
purchased in the first stage of management buy-out to Rietumu Banka
as financier, with a right to repurchase. The financial instrument
sale contract envisages buy-back conditions for a 3-year period.
Such financing model is widespread across the major finance and
energy markets of the European Union. During the said period,
Rietumu Banka will be an investor and a full-fledged shareholder of
AS “Latvijas Gāze” (hereinafter – the Statement).
According to the Statement, AS “Rietumu Banka”
owns 28.97 % shares in the Company.
Attached:
- Statement of AS “Rietumu Banka”on the acquisition of qualifying
holding in AS “Latvijas Gāze”
On behalf of the Board of AS “Latvijas Gāze”,
Aigars Kalvītis
Riga, December 6, 2023
About AS “Latvijas
Gāze”
Founded in 1991, AS “Latvijas Gāze” is one of
the leaders of the Baltic energy sector and provides the wholesale
and sale of natural gas to business customers in Latvia, Estonia,
Lithuania and Finland. In the household segment, AS “Latvijas Gāze”
is the largest and most prominent natural gas trader in Latvia. The
company has been listed on the NASDAQ Riga stock exchange since
February 15, 1999 – a proof of high standards in terms of
transparent governance, responsibility, and care for its customers,
investors, and the society as a whole.
Additional information:
Sandra Joksta
investor.relations@lg.lv
phone: + 371 67 374 369
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AS_Rietumu_Banka_pazinojums_par_butiskas_lidzdalibas_iegusanu_AS_Latvijas_Gaze_pdf
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