OREANDA-NEWS. On August 28, 2008 The AS “Latvijas Krajbanka” has concluded purchase contract (hereinafter referred to as the Purchase contract) with Mr. Aleksandrs Surikovs on acquisition of 1020 (one thousand twenty) or 51% of capital shares (hereinafter referred to as the Capital shares) in the limited liability company “Center Credit” (hereinafter referred to as the Company) reg. No. 40103185252 (Latvia), reported the press-centre of Latvijas Krajbanka.

The Company, in its turn, has concluded contract with the company “Odiseja” (the Ukraine), the company “Olimpija” (the Ukraine) and with the limited liability company “Asset management company “Trast Center”” (the Ukraine) for the acquisition of 100% capital shares of the limited liability company “Spozhiv Servis” registered in the Ukraine.
 
According to the Purchase contract the total price of the Capital shares amounts to USD 717060 (according to the currency exchange rate set by the Bank of Latvia on the day of the Purchase contract conclusion the total amount comprised 342755 LVL or 487696 EUR), the nominal value of one share is 1 LVL.

At present the registered and paid-in stock capital of the Company comprises 2000 LVL, but according with terms of the Purchase contract the stock capital will be increased for USD 2000000 (according to the currency exchange rate set by the Bank of Latvia on the day of the Purchase contract conclusion the total amount comprised 956000 LVL or 1360265 EUR) without any changes in participants` composition and proportions.

AS “Latvijas Krajbanka” will participate in the increase of the Company’s stock capital with USD 1020000 (according to the currency exchange rate set by the Bank of Latvia on the day of the Purchase contract conclusion the total amount comprised 487560 LVL or 693 735 EUR). The transaction will be made after the permission from the Ukrainian Antimonopoly Committee is received, and all procedures and settlements, stipulated in the Purchase contract, are performed, but not later than within two months after the Purchase contract conclusion day.

AS "Latvijas Krajbanka" provides different financial services both for private persons and legal entities, and it has the widest client service centre network in Latvia. With the acquisition of 51% of capital shares of SIA “Center Credit”, which holds 100% capital shares of the limited liability company “Spozhiv Servis” registered in the Ukraine, AS “Latvijas Krajbanka” will continue implementing its strategy, which foresees development of the full range of financial services, including crediting services.