AmberStone Hotels, an associate company to Latvia’s ABLV Bank, has established a subsidiary in Estonia, the bank said in a statement submitted to the Nasdaq Riga Stock Exchange.
The bank said that AmberStone Hotels, a subsidiary of AmberStone Group, has established a new subsidiary registered in Estonia, Lai 49. The share capital of Lai 49 is 2,500 euros. Thus, ABLV Bank has acquired indirect qualifying holding in Lai 49 (via AmberStone Group where ABLV Bank holds 24.64 per cent of shares).
AmberStone Group is a holding company established in 2013 that mana...
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