International Internet Magazine. Baltic States news & analytics
Tuesday, 03.03.2015, 20:45
Baltic Property Trust Secura A/S, which is currently in voluntary liquidation has completed the sale of its largest property – Europa shopping mall in Vilnius. The asset has been acquired by the Baltic Opportunity Fund, which is managed by Northern Horizon Capital. The value of the deal is not disclosed.
Keyword tags: EU – Baltic States, Funds, Investments, Lithuania, Markets and Companies, Real Estate
Latvia will have access to EUR 30 million of the European Union's funds in 2014-2020 for the purpose of improving the country's export performance, the Economy Ministry informed LETA.
Payouts to participants of pension funds are increasing every year in Lithuania. Participants of pension funds, or their relatives who inherited the rights to payouts, were paid EUR 14.3 million in 2014, reports LETA/ELTA.
A fund, where one of the investors is the European Investment Bank, is interested in buying a 47% stake in Latvian gas supply company Latvijas Gaze from the German company E.ON Ruhrgas; the fund's representatives arrived in Riga earlier this week to discuss the potential deal face-to-face, the Latvian magazine Ir reports, cites LETA.
Estonian mezzanine financing provider BPM Capital has established its first investment fund "BPM Mezzanine Fund SICAV-SIF, SCA", which amounts to a total of EUR 70 million, BPM Capital informed LETA.
The State Culture Capital Fund in tandem with the Latvian State Forests/Latvijas Valsts mezi/LVM company, in the target area "Cultural Events of National Importance", have allocated EUR 1.31 million for 62 projects in 2015, reports LETA.
The Latvian Guarantee Agency, in collaboration with the Economy Ministry, has unveiled the "Acceleration Fund Program" offering EUR 30 million meant for technology-intensive companies, the agency's representatives informed LETA.