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Wednesday, 14.05.2025, 07:27
Radio SWH new strategic investor is Cinamon Holding
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The radio station's new owners are Sipkevics, marketing manager Filips Rubenis, and Estonian company Cinamon Holding – the strategic investor. According to the agreement, the price of the deal cannot be revealed.
Сommunicorp Group Limited Director Gervaise Slowey said she was "glad to be part of Radio SWH history."
"We are proud for the opportunity to participate in the creation of a leading radio group in Latvia. We wish further success and growth to the new owners of SWH Radio – Cinamon Holding and the radio station's current board," said Slowey.
According to Firmas.lv, the Estonia-based Cinamon Holding deals with entertainment and media industry in the Baltic States. The company owns Multiplex Systems, which runs the movie theater Cinamon located at the shopping mall "Alfa".
In 2014, Multiplex Systems turned over EUR 2,154,549 and suffered losses in the amount of EUR 243,916.
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