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Friday, 26.04.2024, 00:40
Citadele bank plans to issue EUR 12 mln loan for Wash And Drive chain
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She said that Wash And Drive in August has opened two new car wash stations in Saldus and Ventspils with the help of a loan from Citadele. About EUR 500,000 have been invested in the new car wash stations.
She also said that at present there are 11 Wash And Drive stations in Latvia, but in the future the company plansto have a network of 40 stations.
Citadele representative Toms Starosts said that the company has proved that it is possible to develop successful business also in Latvia's regions. "The company's key to success is the scale - Wash And Drive has a broad chain of stations, and people appreciate the opportunity to wash their cars by themselves, it is convenient and cheap," he said.
Wash And Drive was registered in 2015 and has a share capital of EUR 10,000. The company belongs to BTCG (50%) and Dotcom Enterprises (50%), according to Firmas.lv business database.
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