Estonia's Trigon Capital brings in new investor
Published:
28 November 2001 y., Wednesday
The Estonian investment bank Trigon Capital has brought a new investor into its circle of owners in a closed stock issue; the name of the investor will be made public on Tuesday.
Involvement of additional capital was necessary to expand business, spokespeople for Trigon told BNS on Monday. Unconfirmed reports suggest that the investor comes from Finland.
Trigon Capital, which operated under the name Hansa Investeeringute AS (Hansa Investment) until the end of 1999, was owned until spring 1999 in equal halves by Hansapank and Trigon Holdings Ltd, a company of businessman Joakim Helenius.
A stock issue in April 1999 reduced the stake of Hansapank in the investment bank to 33 percent. In October the same year Hansapank sold its remaining holding to Best Invest, a company of Hansa Investeeringud employees, for 15 million kroons (USD 0.85 mln). The owners then decided on a name change, and the investment bank is known as Trigon Capital AS since January 2000.
The company operated with a loss of 33.96 million kroons in 1998 and made a loss of 4.45 million kroons in 1999. It finished the year 2000 with a profit of 30.54 million kroons.
Šaltinis:
parex.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »