Swedbank named most valuable firm in Baltics in new report

  • 2014-10-15
  • From wire reports, RIGA

The Swedbank offices in Riga, Latvia (photo: LETA)

The Swedbank Group, with company value of 3.2 billion euros, is the most valuable enterprise in the Baltic States, a new report shows. 

A list of the ten most valuable Baltic companies compiled by investment banking and financial advisory company Prudentia and stock exchange Nasdaq Riga was revealed today.

Latvian President Andris Berzins congratulated Swedbank group and other firms during an award ceremony today in Riga.

Berzins said Baltic firms were becoming more prominent in fields in various sectors.

Other Baltic firms to make the list include:

Tallink Grupp-  company value:1.85 billion euros, SEB banka group -  1.64 billion euros. Estonian energy company Eesti Energi:  1.41 billion euros Latvian energy company Latvenergo: 1.3 billion euros  Trade company Maxima Grupe: 976.4 million euros  Lithuanian energy company Lietuvos Energija: 944.5 million euros  Lithuanian railway company Lietuvos Gelezinkeliai: 891 million euros Oil product terminal operator Vopak E.O.S: 846.4 million euros Latvian State Forests: 801.3 million euros.

A more detailed information on the Baltic States' TOP10 enterprises can be found at www.top101.lv.