RIGA - East Capital sold its 8.8 percent stake in Latvian computer wholesaler Elko Grupa, completing the Stockholm-based asset manager’s seven-year investment with a total return of 107 percent, reports Bloomberg.East Capital’s Bering New Europe Fund, Russia Fund and Ukraine Fund sold their shares to companies controlled by Elko managers that were already shareholders, according to Gert Tiivas, the asset manager’s Baltic head of private equity. “The time was right to exit, plus we see a lot of other interesting Baltic investment opportunities,” Tiivas sai...
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