Published: 2020-04-08 16:02:01 CEST
Attīstības finanšu institūcija Altum
Other information disclosed according to the rules of the Exchange

Establishment of fund

Inside information, 2020-04-08 16:02 CEST -- According a mandate which will be given to the JSC Development finance institution Altum by the Latvian government, there is a plan to establish a fund, which is aimed to support large companies affected by Covid-19 crisis. The fund is expected to ensure capital and quasi-capital injections amounting up to 10 million EUR, supporting viable businesses which have met temporary difficulties caused by Covid-19 impact. The fund is expected to be financed by a public and private funding, a fund manager will be Altum, whereas share of the public funding will be 75 million EUR.

         Laura Lapkovska
         AS Attīstības finanšu institūcija Altum Investors Relationships Division
         Tel.: +371 67774023, +371 26165699
         E-mail: Laura.Lapkovska@altum.lv