Storent Holding AS informs that its shareholders, Supremo SIA and EEKI SIA, have invested their Storent Holding AS shares, valued at USD120 million, to the share capital of the newly established STORENT HOLDING CORPORATION (Delaware, USA), which has become the parent company of the Group.
Information on the updated group structure is provided in the appendix.
The structural change aims to support the group's expansion into the US market and facilitate access to additional growth financing.
In the near future, the name of Storent Holding AS will be changed to Storent Europe AS. Aligned with the Group’s growth strategy, the Group aims to expand in the U.S. market while continuing organic development in its established markets in Latvia, Lithuania, Estonia, Finland, and Sweden.
Baiba Onkele
Member of the Management Board and Chief Financial Officer
AS Storent Holding
baiba.onkele@storent.com
www.storentholding.com