OREANDA-NEWS. April 12, 2010. Implementing the strategy, developed by the financial group Snoras, which owns AS”Latvijas Krajbanka” (hereinafter referred to as – Krajbanka) and the investment group “Finasta Holding” (hereinafter referred to as - Finasta Holding), Krajbanka has concluded the contracts with Finasta Holding on sale of shares of JSC “Ieguldijumu parvaldes sabiedriba”LKB Krajfondi””, JSC “Ieguldijumu parvaldes sabiedriba “LKB Asset Management””, JSC “Pirmais atklatais pensiju fonds” and JSC IBS “Renesource Capital”   owned by Krajbanka, reported the press-centre of Latvijas Krajbanka.

The implemented strategy foresees that the investment group “Finasta Holding” shall consolidate management of all investment assets of the group Snoras, thus ensuring optimization and development of the investment services offered by the Snoras group on the Latvian and Lithuanian market.

The transactions shall be completed after the permissions from all regulating bodies are received, and all procedures and settlements, stipulated in the purchase contracts, are performed. In the result of the transactions 100% shares of JSC “Ieguldijumu parvaldes sabiedriba ”LKB Krajfondi””, JSC „Ieguldijumu parvaldes sabiedriba “LKB Asset Management””, JSC „Pirmais atklatais pensiju fonds” and JSC IBS “Renesource Capital”  shall pass into the ownership of Finasta Holding. There will be no changes in the provision of services to the clients of Krajbanka, the concluded contracts and terms thereof shall remain valid. 

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.