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On attraction of additional finance by AS ELKO Grupa
Emitents ELKO Grupa AS (549300TNFQRZUIMUKG02)
Veids Citi
Valoda EN
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Datums 2008-06-18 10:30:09
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Teksts
AS ELKO Grupa as a large international company is constantly looking for and improving new possibilities for development. Considering fast growth of the company, regular attraction of finance is a prerequisite for the company development.
In 2008 the company is planning growth of turnover by 30-35 % as compared to 2007. To achieve this goal the company will additionally require 40-50 million USD. At the moment the company considers all possibilities for attraction of funds, including attraction of private investment funds and new initial public offering.
Increase of current assets in 2007 was financed by attraction of 80 million USD bank credit facilities and issue of bonds for the amount of 6.5 million EUR. The bonds were listed at Riga Stock Exchange in May 2008.  
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