Wed, 5 Jul 2006: Hermis goes on buying spree, acquires Norwegian holding company…

Hermis Capital has applied for regulatory approval to buy a 50 percent stake in Latvia's Investiciju Uznemums and manage the company jointly with Ranga Group, another Lithuanian firm. Hermis Ca...

Wed, 14 Dec 2005: Snaige undergoes shareholder shift…

Now we repaid the debt and settled the accounts," explained Darius Janulevicius, Hermis Capital co-owner and CEO. Hermis Capital retained approximately 1 percent of Snaige, while Survesta, which w...

Thu, 28 Oct 1999: FALLING PRICES AND LOW TURNOVER HAUNT BALTIC BOURSES…

Publication of three-quarter results changed share prices little except for renewing interest in Valmieras Stikla Skiedra fiberglass factory. But Valmieras SS will be unable to pull the market up ...

Thu, 30 Sep 1999: Bearish stock markets throughout the Baltics and world…

Previously Eesti Telekom's shares had fallen below their public offering value. Shares in the telecommunications concern usually enjoy a rather stable demand at the price of 85 kroons ($5.67) per ...

Thu, 23 Sep 1999: Central bank gives blessing to merger…

Reinoldijus Sarkinas, the board chairman of the central bank, said if everything goes smoothly, the merger could be finalized within a year.The central bank's decision was a real milestone for Vil...

Thu, 5 Aug 1999: Central bank to approve new bank merger…

"Still, a decision will come no earlier than September." Local banking analysts have long considered the prospect of a Vilniaus-Hermis combo palatable. But a stamp of approval by the central bank,...

Thu, 17 Jun 1999: A kinder, gentler bank merger?…

According to a joint statement, the banks are hoping to merge as "two equal institutions" in order to form a brand new bank with a brand new name that will assume "all rights and obligations of bo...

Thu, 20 May 1999: Central bank lays down law on merger…

The principles will be applied in cases when permission from the central bank is necessary. "Now none of Lithuania's four largest banks - Vilniaus, Hermis, Taupomasis or Zemes Ukio - could merge,"...

Thu, 25 Mar 1999: Vilniaus Bankas calls off marriage to Hermis …

Trading on the Lithuanian bourse slowed as the country's financial entities held their breath. Then, a surprising development happened: Vilniaus Bankas withdrew its application. It's explanation: ...
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