Bank takes over sports hall

Jan 28, 2010
From wire reports

RIGA - Rietumu bank has become the new owner of the sports hall Arena Riga, reports Web site Nozare.lv. The bank acquired 100 percent of the shares in Arena Riga through its subsidiary Ar Entertainment Limited at the end of last year. The entertainment venue was bought from Genadijs Bondariks, who owned 60 percent of Arena shares, his wife Jelena, who owned 10 percent and from the firm Arena Invests, which owned the remaining 30 percent. The details of the deal were not revealed. The ...

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