Funds

International Internet Magazine. Baltic States news & analytics Wednesday, 17.09.2014, 20:34

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Straujuma: Citadele buyers are globally-acclaimed financiers

Straujuma: Citadele buyers are globally-acclaimed financiers

17.09.2014

The yet-undisclosed investors who plan to acquire 50% of the Citadele bank's shares are globally acclaimed financiers, Prime Minister Laimdota Straujuma (Unity) said in an interview with the LNT show "900 sekundes", cites LETA.

Keyword tags: Banks, Financial Services, Funds, Investments, Latvia, USA



Ripplewood Holdings will purchase Citadele bank

Ripplewood Holdings will purchase Citadele bank

17.09.2014

After several hours of debates, the government of Latvia on September 16th accepted the purchase offer from the U.S. fund Ripplewood Holdings for the purchase of Citadele bank, Prime Minister Laimdota Straujuma (Unity) told members of the press, while declining to comment on the conditions of the deal, cites LETA.

Latvian government approves EU Structural and Investment Funds program for Cohesion Policy

Latvian government approves EU Structural and Investment Funds program for Cohesion Policy

02.09.2014

Today, the government of Latvia approved the European Union's (EU) Structural and Investment Funds for growth and jobs in 2014-2020, outlining the Cohesion Fund priorities, goals, and the attainable results, reports LETA.


Estonian Nordea took over ERGO pension funds

Estonian Nordea took over ERGO pension funds

02.09.2014

As of September 1, 2014, Nordea Pensions Estonia AS is the new fund manager of ERGO pension funds in Estonia, Postimees Online reports.

Assets of pension fund participants in Lithuania nearing EUR 1.7 bln in H1

Assets of pension fund participants in Lithuania nearing EUR 1.7 bln in H1

21.08.2014

In the first half of 2014 the assets managed by 2nd pillar pension funds grew by LTL 496.41 million (EUR 143.77 million) and stood at LTL 5.94 billion (EUR 1.72 billion) at the end of June 2014, reports LETA/ELTA.

19.08.2014

Obligatory pension funds' asset volume in Estonia grew at record pace in H1

The volume of the Estonian semi-obligatory second pillar pension funds, which are funded partly by the state and partly by people, increased at record pace in the first half of the year 2014, LETA/Postimees Online cites the fresh financial market report of the Financial Supervision Authority.

11.08.2014

European Structural and Investment Funds in action: case of France

New EU-France partnership agreement with about € 16 billion from the European Cohesion, Social Fund and fisheries is aimed at investing in human resources in 2014-20. Over € 1.2 billion of this amount will be spent for France's outermost regions. The ESF will focus on the country's most vulnerable people: almost one third of all funding will be dedicated to social inclusion and the fight against poverty.

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