OREANDA-NEWS. 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 the 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 established by ABLV Bank, AS, in 2010 to make investments in leading and promising Latvian companies.

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