East Capital exits Elko Grupa
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 t ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times
. If you are already subscribed to The Baltic Times
, please log on using the form on the top of the page. If you do not have a membership yet - please subscribe