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Latvia – OEG reorganises shareholding in Latvian subsidiary
By Phil - 8 Ocak 2016
Olympic Entertainment Group has bought 8.6 per cent of Olympic Casino Latvia SIA shares, equating to 554 shares from OEG group company Siquia Holding B.V.
Olympic Casino Latvia SIA is also a OEG group company and operates casinos in Latvia. As a result of acquisition the entire 100 per cent share capital of Olympic Casino Latvia SIA belongs now directly to OEG.
A spokesperson for OEG said: “The aim of this acquisition was to reorganise the group structure so that OEG had a direct ownership in this Latvian subsidiary. Parties have agreed not to disclose the transaction price and the due date of the payment. Olympic Casino Latvia SIA will remain part of the OEG group, so the transaction will not have a material effect on the profit, assets, liabilities or economic activities of the OEG group.”
