For media
03/02/2012
On sale of "Rujienas saldejums" INPO 19 shares
Privato aktivu parvalde has decided to sell its investment, which has resulted in the PAP selling its 51% stake in the company "Rujienas saldejums". The buyout is done by Rujienas saldejums management.
The step taken by company's management , offering to redeem the shares owned by the financial investor, shows that the company has successfully reached a level in its short history in which there is no need for further financial investor capital. Such capital is more expensive than bank funding. In addition, the buyout of shares by management shows its belief in this business and is an excellent signal to the market and its business partners.
We wish the company good luck in achieving new development goals.
–Privāto aktīvu pārvalde