EU – Baltic States, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 15:14

Lithuanian and Estonian subsidiaries of Latvia’s Capitalia non-bank lender merged with parent

BC, Riga, 06.12.2018.Print version
Capitalia non-bank lender has concluded a reorganization by merging its Lithuanian and Estonian subsidiaries with the Latvian parent company and becoming a European company (societas Europaea) with a head office in Latvia, LETA was told at the company.

“The change of the company’s legal form is the next step towards growth and reflects much more precisely its already existing international character of operations because the Capitalia team is doing business in all three Baltic capitals,” said Capitalia head Juris Grisins.

The company’s representatives informed that in Estonia and Lithuania Capitalia will continue to operate through its subsidiaries ensuring the provision of services to clients in these countries.

On July 17, 2018, Capitalia shareholders decided to reorganize the company, merging Lithuania’s Capitalia Finance and Estonia’s Capitalia Finance with Capitalia and setting up a European company.

Capitalia was founded in 2007. Capitalia bonds have been included in the Nasdaq Riga Bond List.

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