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
China's premier told the National People's Congress Thursday that the nation expects to achieve 8 percent economic growth this year.
more »
The European Commission is calling on EU leaders to further step up coordinated European action to fight the economic crisis.
more »
Biggest auto bosses except some changes in the car market, but despite this optimism, many say this could be last large-scale car show for several years.
more »
Taking into account changes in domestic money market AB DnB NORD Bankas, a member of international financial group, has changed corporate time deposit rates.
more »
A gradual increase in minimum tax rates on cigarettes, to at least €1.50 per pack by 2014, and other tobacco products, was backed by the Economic Affairs Committee on Monday, but it advocated smaller increases than those proposed by the Commission.
more »
About 2,000 Belgian postal workers marched in the centre of Brussels to protest over plans to privatise and reorganise the Belgian postal sector.
more »
In October last year Iceland suffered the most severe economic crash of any country during peacetime.
more »
ATMPortfoliosForSale.com, a site dedicated to the buying and selling of ATM businesses and portfolios, is reporting a drastic increase in ATM portfolio acquisitions.
more »
As the United States economy sinks further into recession fertility clinics have seen more women offering to donate their eggs for cash windfalls of up to 10,000 (USD).
more »
A group of financial experts has put forward 18 detailed recommendations to strengthen supervision of the EU’s financial institutions and markets.
more »