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Friday, 01.07.2016, 07:16
Investors participating in the offering of units of Baltic Horizon Fund, which have been admitted for trading in the Baltic Fund List of Nasdaq Tallinn as of July 6, subscribed to approximately 30 million euros' worth of units, resulting in net proceeds of around 20.5 million euros for the fund, informs LETA/BNS.
Keyword tags: Baltic, Financial Services, Funds, Investments
Startup Estonia, a support unit for Estonian start-ups under the Development Fund, will continue operation under the state-run financing institution Kredex from the beginning of July with the aim of providing better support to new companies and improving funding opportunities in all phases of development, informs LETA/BNS.
EfTEN Capital’s investment fund EfTEN Real Estate Fund III AS purchased three logistics centres in Estonia, Latvia and Lithuania, owned and occupied by group companies of DSV, one of the largest logistics groups in the world.
The global capital market turmoil caused by Britain's decision to leave the European Union is unlikely to prompt Lithuanian pension funds to revise their strategies in the near term, the president of the Lithuanian Investment and Pension Funds' Association said on June 27th, cites LETA/BNS.
Commissioner Jonathan Hill responded to modern issues concerning deepening of the single market, building a Capital Markets Union, and supporting strong pensions market in Europe. At the “Pensions Europe Conference”, he claimed that the number of retired people will double in the near future and that pension funds can strengthen EU financial sector.
The Lithuanian Crime Investigation Service (FNTT) is conducting a probe into an illegal attempt to obtain nearly 4 million euros in support from the European Union (EU) and the Lithuanian budget for 11 projects, informs LETA/BNS.
AS LHV Varahaldus, asset management subsidiary of AS LHV Group, bought Danske Capital AS for 10.92 million euros, LHV told the stock exchange, informs LETA/BNS.