Establishment of fund
Inside information, 2020-04-08 16:02 CEST --
According a mandate which will be given to the JSC Development finance institution Altum by the Latvian government, there is a plan to establish a fund, which is aimed to support large companies affected by Covid-19 crisis. The fund is expected to ensure capital and quasi-capital injections amounting up to 10 million EUR, supporting viable businesses which have met temporary difficulties caused by Covid-19 impact. The fund is expected to be financed by a public and private funding, a fund manager will be Altum, whereas share of the public funding will be 75 million EUR.
AS Attīstības finanšu institūcija Altum Investors Relationships Division
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