Baltic States – CIS, Financial Services, Investments, Markets and Companies
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Tuesday, 23.04.2024, 19:09
Baltic Telekom to get EUR 200,000 credit facility from Cyprus-based investment firm
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According to the statement, on August 7 this year Rimson Holdings Limited entered into a strategic partnership with Baltic Telekom to create a listed
private equity vehicle to unlock investment potential and provide access to
successful profitable companies operating in Russia and the CIS.
"Rimson Holdings Limited
will provide an initial credit facility of EUR 200,000 to Baltic Telekom which will in turn acquire minority stakes in such
companies, and will work with an international investor base to generate profit
for all Baltic Telekom
shareholders," the statement says.
Baltic Telekom was founded in April 2013, and its largest shareholder is
Cyprus-registered company MCM Maximus
Capital Management Limited with 98.81%, according to the stock exchange
information.
Baltic Telekom shares have been listed on the Baltic alternative stock market First North
since August 21, 2013.
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