Published: 2017-04-21 07:45:08 CEST
Inside information

ABLV Bank invests in SG Capital Partners Fund 1 limited partnership

Riga, Latvia, 2017-04-21 07:45 CEST (GLOBE NEWSWIRE) -- On April 20, 2017, ABLV Bank, AS, as a limited partner, has made the first part of contribution to SG Capital Partners Fund 1, KS. The amount of contributions to SG Capital Partners Fund 1, KS registered with the Commercial Register is EUR 41,160,000, including the ABLV Bank, AS contribution in the amount of EUR 10,000,000.

ABLV Bank, AS holds 24.29% of SG Capital Partners Fund 1, KS, therefore, the contribution to the said limited partnership forms the qualifying holding.

SG Capital Partners Fund 1, KS is a fund that is managed by the alternative mutual fund management company SIA SG Capital Partners AIFP and that specializes in investments in real estate. The ABLV Group’s company New Hanza Capital, AS owns 30% of capital shares of SIA SG Capital Partners AIFP.

This announcement contains inside information.

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 86.55% 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 Group has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, Limassol and New York.

         Ilmārs Jargans
         Head of Public Relations Department
         ABLV Bank, AS
         Tel.: +371 6777 5296