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JSC Baltikums Asset Management obtained material interest of AAS Baltikums Dziviba
20.07.2006
Investment Management JSC Baltikums Asset Management obtained material interest - 51% (respectively 1,283,700 shares) in fixed capital of AAS Baltikums Dziviba.
This deal was related to the plan of JSC Baltikums Bankas Grupa and JSC Baltikums Apdrosinasanas Grupa shareholders to make changes in the existing holding structure. As a result of the restructuring, it is planned to separate investment and savings business from risk insurance business by putting the full spectrum of investment and savings services (asset management, management of investment and pension funds, life insurance) under the management of the JSC Akciju komercbanka Baltikums and its daughter companies.
Investment Management JSC Baltikums Asset Management offers investment management to investment funds, as well as to the second and third pillar pension plans.
The only shareholder of the Investment Management JSC Baltikums Asset Management is JSC Akciju komercbanka Baltikums.