OREANDA-NEWS. July 21, 2015. ABLV Private Equity Fund 2010, KS, has sold 2 172 437 public issue shares of joint stock company Grindeks to AmberStone Group, AS. These shares constitute 22.66% of company’s share capital.

According to the plan, ABLV Private Equity Fund 2010, KS, is going to terminate its operations this year, whereas acquisition of shares by AmberStone Group, AS, is a recognition of future development prospects and export potential of joint stock company Grindeks.

ABLV Private Equity Fund 2010, KS is a mutual fund with 100% local capital, and it was established to make investments in leading and promising Latvian companies.

Since 2010 during the period of the fund’s operations, several investment projects have been carried out successfully, and provisional average annual return on the invested capital of the fund’s investors is supposed to reach approximately 20%.