The Competition Council allows the AS “Latvijas Krājbanka” to acquire the marginal influence in the AAS “BALTIKUMS DZĪVĪBA”

The join-stock company “Latvijas Krājbanka” informs that on August 20th 2008
the Competition Council has decided to allow the AS “Latvijas Krājbanka” to
merge with the insurance joint-stock company “Baltikums dzīvība”, reg. No.
40003053851, acquiring the marginal influence in the AAS “BALTIKUMS DZĪVĪBA”. 

As it has been informed, on June 20th 2008 AS “Latvijas Krājbanka” concluded a
contract with AS "Akciju komercbanka "Baltikums"", SIA "Sergey Peshkov
Holdings" and SIA "Alexander Peshkov Family Holdings" on acquisition of 2 511
895 (two million five hundred eleven thousand eight hundred ninety-five) or
99,79% shares of the insurance joint-stock company "BALTIKUMS DZĪVĪBA",
registration No.40003053851, for the total amount of LVL 2 714 235 (according
to the currency exchange rate set by the Bank of Latvia on the day of the
contract conclusion the total amount comprised 3 862 030 EUR). The nominal
value of one share is 1 LVL. Registered and paid-in stock capital of AAS
"BALTIKUMS DZĪVĪBA" comprises 2 517 059 LVL. 

Since the permissions from controlling bodies are received, soon both parties
will perform the necessary procedures and settlements. 

The public version of the Competition Council resolution is available on 
http://www.vestnesis.lv/?menu=doc&id=180229 

Kristīne Ozolniece
AS “Latvijas Krājbanka”
The specialist of public relations
Phone: 67068031
Mobile: 25912461