On Changes in the Group of ABLV Bank, AS in Liquidation
Riga, Latvia, 2019-02-08 21:58 CET --
ABLV Bank, AS in liquidation (hereinafter – the Company) has carried out reorganisation of the companies of the group and within the framework of the reorganisation the Company’s subsidiary New Hanza Capital, AS has become an owner of 100% of shares of NHC 5, SIA. The Company retains indirect significant participation in the company NHC 5, SIA.
Given the started liquidation of the Company, real estate development and management are not its future priority, thus the real estate companies of the group are being gradually prepared for sale, which is one of the tasks of the Company’s liquidators.
NHC 5, SIA now owns two real estate objects in Riga – an office building at 23 Elizabetes Street and office premises at 21A-102 Elizabetes Street.
New Hanza Capital, AS is a company founded in 2006. The objectives of its operation includes investing own and third party funds in commercial real estate objects to achieve sustainable increase in income from renting the premises, long-term capital growth and enlarging of the value of properties.
ABLV Group Communications Leader
Tel.: +371 6700 2454