Latvijas Krajbanka
On AS “Latvijas Krājbanka” subsidiary companies
Latvijas Krajbanka 02.03.2011 16:24 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- As it was already informed, in February 2011 AS 'Latvijas Krājbanka' (hereinafter referred to as Krājbanka) established the subsidiary company SIA 'SILVA Invest', registration no. 40103384386, to administrate and manage the real estate. On 01st March 2011 the Board of Krājbanka resolved to increase the stock capital of SIA 'SILVA Invest' for LVL 723'000 (which according to the currency exchange rate determined by the Bank of Latvia as of the day of notification amounts to EUR 1'028'742), by investing into it the real estate objects owned by Krājbanka. Krājbanka has acquired 40'100 or 100% of capital shares of SIA 'Daugavpils Centra Nams', registration No. 40103312458, by concluding purchase agreement with SIA 'Pensacola'. SIA 'Daugavpils Centra Nams' works in the field of real estate management. By making the said investments Krājbanka has a purpose to optimize its activity by dividing the assets unrelated to the main banking activity. Gundega Pakalne AS 'Latvijas Krājbanka' Public Relations Specialist Phone: +371 67092649 Mobile: +371 29195577 E-mail: Gundega.Pakalne@lkb.lv News Source: NASDAQ OMX 02.03.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Latvijas Krajbanka Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000100683 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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