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BAL: SIA "SPV Distributor", the subsidiary of SPI Group, acquires a number of alcohol industry companies

Spekuliantai.lt | 2010-01-05 | NASDAQ OMX biržų naujienos | perskaitė: 2284
Raktiniai žodžiai: Latvijas balzams, BAL
BAL: SIA "SPV Distributor", the subsidiary of SPI Group, acquires a number of alcohol industry companies

Latvijas balzams Company Announcement 05.01.2010

SIA "SPV Distributor", the subsidiary of SPI Group, acquires a number of alcohol
industry companies

Holding company SIA "SPV Distributor", part of "SPI Group", having previously
received approval from the Competition Council of Latvia, has acquired alcohol
industry companies SIA "S. Alko", SIA "MONO M", SIA "L.D.V" and SIA "S.D.V".

"In the situation when in a short period government has rapidly changed taxes a
number of times, recession has reduced purchasing power of population, retail
chains continue to concentrate their purchasing power, the increase of the
business concentration in the alcohol industry is inevitable", says Kārlis
Andersons, authorized representative of SIA "SPV Distributor" and Chairman of
the Management Board of AS "Latvijas balzams".

This acquisition is in accordance with "SPI Group" growth strategy, which is
aimed to broaden beverage portfolio offered by group companies, and strengthen
its distribution network in the Baltics. Therefore consumers will be offered
previously known and new brands with high quality delivery service and detailed
product information. The acquired companies will be merged with other SPI group
companies in the region to increase efficiency of administrative and logistics
functions.

About participants of the acquisition

SIA "SPV Distributor" is a holding company which owns alcoholic beverages
wholesale company SIA "AV&D" and alcoholic beverages importer SIA "Interlat".

SIA "MONO M" and SIA "L.D.V." are importers of alcoholic beverages. SIA "S.
Alko" is a wholesaler of imported alcoholic beverages. SIA "S.D.V." is a
holding company which owns Estonian alcoholic beverage wholesale company OU
"Divinum".

SIA "MONO M" and related companies in Latvia distribute such consumer loved
brands like "Russkij Standart" (Russian Standard), "Zelenaja Marka" (Green
Mark), “Remy Martin”, "Metaxa", “Jagermeister” and others. In 2008 State
Revenue Service ranked SIA "L.D.V." and SIA "MONO M" as the 16th and the 17th
largest companies in the list of alcoholic beverages producers and importers in
Latvia. Previous owners of theses companies regard this transaction as
successful completion of their business interests in this industry.

About "SPI Group"

"SPI Group" is a multinational holding company established in 1997. Main areas
of group's activities are production, distribution and sales of alcoholic
beverages, retail and real estate development. "SPI Group" owns over 130
brands, including iconic "Stolichnaya" and "Moskovskaya" brands, and manages
another 220 brands on behalf of major international beverage groups. More
information at: http://www.spi-group.com/


About AS "Latvijas balzams"

AS "Latvijas balzams" was founded in 1900 and today is the largest producer of
alcoholic beverages in the Baltic States. Company is one of the most important
exporters in Latvia. AS "Latvijas balzams" produces over 130 different
alcoholic beverages exporting to over 100 countries worldwide. Major
shareholder of AS “Latvijas balzams” is “SPI Distilleries. B.V.” which owns
89,52% of shares. More information can be found at: www.lb.lv

Kārlis Andersons,
Authorized Representative of SIA "SPV Distributor" and
Chairman of the Management Board, AS "Latvijas balzams"


For additional media inquiries:
Julija Krivonosa
T: + (371) 67081 213

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