Wed, 10 Feb 2010: Parex gets new funds…
Feb 10, 2010 Baltics
According to information provided by Parex, of the approximately 218 million lats which is necessary for the current credit syndicate repayment, the bank will be able to provide around 118 milli...Tags: Lats, Liabilities, Ministry Of Finance, Money, Own Resources, Parex, Rsquo, State Guarantee, Syndicate, Term Deposit
Wed, 19 Nov 2008: Parex Bank posts losses “tens of millions” …
Nov 19, 2008 Baltics
We still have to work with non-residents," he said. The bank, which is poised to be taken over by the Latvian government, will continue functioning and even reports new accounts being opened. FKTK...Tags: Bank Shareholders, Finance Ministry, Latvian Government, Loan Providers, Loan Repayment, Losses, Maturity, Members, Negotiations, New Accounts, Non Residents, Parex Bank, Syndicate, Syndicated Loans, Tens
Wed, 19 Sep 2007: New York finance group to lead Latvia’s 427 million euro telecom deal…
Sep 19, 2007 Latvia
Nils Melngailis, CEO of Lattelecom, said that of the 300 million lats (427 million euros) needed to pull off the deal, approximately 200 million will come from a syndicate of banks, while Blacks...Tags: Aims, Banks, Blackstone, Ceo, Company Management, Consortium, Dnb, Euro, Finance Group, Invest, Lats, Latvia, Nordea, Parex Bank, Proposal, Syndicate, Telecom Deal, Telecommunication Company, Unicredit
Wed, 26 Oct 2005: Galvex hits major development slide…
Oct 26, 2005 Baltics
According to the paper, the syndicate immediately sold its equity stake, along with the debts, to Goldman Sachs and Deutsche Bank. The latter two will restructure Galvex, established in Tallinn in...Tags: Ahead, Debts, Deutsche Bank, Eesti Paevaleht, Equity Stake, Galvex, Goldman Sachs, Marketing, Novolipetsk, Raw Material, Russia, Severstal, Speculation, Steel Producer, Subsidiary, Syndicate, Tallinn, Ukraine
Thu, 16 Jan 2003: Power restructuring continues…
Jan 16, 2003 Baltics
We have good relations with both Eesti Energia and Estonian Oil-Shale," he added.The price of oil-shale will likely not rise after Narva Power Plants gives up its stake in Estonian Oil-Shale, adde...Tags: Current Energy, Eesti Energia, Energy Price, International Banks, Kroon, Kroons, Monopoly, Oil Shale, Ownership Structure, Power Plants, Price Of Oil, Restructuring, Share Capital, Stake, Syndicate
Thu, 26 Nov 1998: Hansapank receives major money shots…
Nov 26, 1998 Baltics
"This project will therefore strengthen a key player and support it in meeting the financing requirements of the private sector."The 150 million deutschemark loan that Hansapank received on Nov. 1...Tags: Banking Sector, Banks, Deutschemark, Ebrd, Financial Institution, Hansapank, Loan Interest, Money Shots, Participant, Press Release, Private Sector, Russian Crisis, Syndicate, Syndicated Loan