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BAL: Publication - Nordea

Spekuliantai.lt | 2010-01-21 | NASDAQ OMX biržų naujienos | perskaitė: 1383
Raktiniai žodžiai: Latvijas balzams, BAL
BAL: Publication - Nordea

Latvijas balzams Company Announcement 21.01.2010

Publication - Nordea

Nordea continues financing of “Latvijas balzams” and its related companies in
investment projects and trading operations for more than 18 million euro

Nordea bank novated credit line in amount of 9 million euro for AS „Latvijas
balzams”, as well as ensured additional financing and credit lines to its
related companies in amount of 9.5 million euro.

The financing issued by Nordea bank is provided for several trading operations
at local and export markets.

The Chairman of the Board of AS “Latvijas balzams”, Mr. Kārlis Andersons: „We
are satisfied to have such an understanding and supporting financial partner in
severe market environment that highly estimates our performance quality and our
prior cooperation will continue in atmosphere of mutual confidence. The current
situation requires rational and efficiency enhancing steps, which we also are
going to implement at the local and export markets”.

Head of corporate banking department of Nordea bank Gustavs Eglītis: „The
enterprise „Latvijas balzams” is an evidence of Latvian manufacturing
enterprises high competitiveness at export markets even amid economic crisis.
Furthermore, in current difficult economic situation, “Latvijas balzams”
continues to be a stable and profitable company, showing the competence of
management and a considered long-term strategy, as well as the ability to use
the market situation to strengthen their position. We are pleased that we can
develop our mutual cooperation with the company that is one of the largest tax
payers in the country, thereby strengthening at the same time the Latvian
economy in general”.

About AS “Latvijas balzams”
AS “Latvijas balzams” is founded in 1900 and is the largest producer of
alcoholic beverages in the Baltic States. The enterprise is one of the major
product exporters in Latvia. The enterprise produces over 130 beverages under
various names, which are exported to more than 100 countries worldwide. “S.P.I.
Distilleries. B.V.” is the leading shareholder of AS “Latvijas balzams” holding
89.52% shares. Additional information: www.lb.lv
Additional information:
Dagnija Stuķēna, PR manager, press secretary, Nordea Latvija, phone: 67 007
610, cell ph.: 29 470 708, dagnija.stukena@nordea.com

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