Published: 2020-05-06 09:54:14 CEST
Attīstības finanšu institūcija Altum
Other information disclosed according to the rules of the Exchange

CORRECTION: Establishment of fund

Inside information, 2020-05-06 09:54 CEST -- Specified size of the fund.

In accordance with the mandate that the government will give to JSC Development Finance Institution Altum, a fund will be established to support companies affected by the Covid-19 crisis. The fund will invest in companies' capital, make quasi-equity investments and investments in corporate bonds of up to EUR 10 million, supporting viable companies impacted by temporary difficulties caused by the COVID-19 crisis. The fund will combine public and private funding, and the amount of public funding is projected at EUR 50 million. The fund will be managed by ALTUM. The fund will commence operations after the European Commission takes a decision on its compliance with the European Union's internal market rules.

 

 

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