Linas Agro Group - Other information

Swedbank issues over 11m euros in loans to producers AS Putnu fabrika Ķekava and SIA Lielzeltiņi to AB Linas Agro Group controlled companies

Panevezys, Lithuania, 2015-07-31 08:00 CEST (GLOBE NEWSWIRE) -- 

Swedbank has granted more than 11 million euros in loans to poultry farmers and
producers - leading Latvian poultry producer AS Putnu Fabrika Ķekava has been
assigned 9.48 million euros, whereas the associated company SIA Lielzeltiņi -
1.91 million euros. The loan will be used to carry out renovations of bird
enclosures and infrastructure, modernize the meat processing plant and purchase
the new equipment. 

AS Putnu fabrika Ķekava and SIA Lielzeltiņi are the only poultry processing
companies in Latvia that produce poultry solely from chickens grown in their
own factories. Priorities for investments are modernization of production,
optimization of business processes and development of new products in order to
boost the competitive capacity of the companies on both local and export
markets. The investment program will be implemented during the next 3 years. 

“We're pleased to do business with such a significant Latvian food industry
player and to support the company in its development, which will benefit both
the company itself and the national economy,” - says Reinis Rubenis, Swedbank
Board Member and Head of Corporate Customer Division. 

“The investments will help us increase production volumes, raise the quality of
our produce and its added value, promote the efficient and environmentally
friendly production process, as well as increase the production portfolio", -
says Andris Vilcmeiers, chairman of the board of AS Putnu fabrika Ķekava and
SIA Lielzeltiņi. 



About AB Linas Agro Group

AB Linas Agro Group is an agribusiness parent company engaged in the production
and trade of grains, oilseeds, feedstuff, poultry and poultry products, also
agricultural inputs. It controls companies in Lithuania, Latvia, Estonia and
Denmark. The group consists of international agricultural production trading
company in Lithuania AB Linas Agro, grain storage company UAB Linas Agro Grūdų
Centras KŪB (that manage 8 operating and two being built grain elevators),
trading companies in Latvia and Denmark, group of agricultural land management
companies ŽŪB Landvesta, holding of agricultural companies UAB Linas Agro
Konsultacijos, agricultural inputs supplier UAB Dotnuvos Projektai, logistic
company UAB Jungtinė Ekspedicija, Latvian poultry companies AS Putnu Fabrika
Kekava and SIA Lielzeltini, also other companies. The financial year of the
Group begins on 1 July. 

From 17 February 2010 AB Linas Agro Group is included in the main list of
companies of Nasdaq Vilnius stock exchange. 

About Swedbank

Swedbank Group has a leading position in its home markets of Sweden, Estonia,
Latvia and Lithuania. We provide households and businesses with everything
ranging from basic banking transaction services to the most advanced advisory
services. Swedbank Latvia boasts an extensive infrastructure comprising 47
branches, 402 cash-out and cash-in ATMs and highly acclaimed digital solutions
comprising telephone banking, internet banking, and mobile banking. 








         For more information please contact:
         Tomas Tumėnas,
         Finance director of AB Linas Agro Group,
         mob. +370 682 36 616,
         e-mail t.tumenas@linasagro.lt
         Kristine Jakubovska,
         Swedbank Latvia Head of Corporate Communication area,
         mob. +371 29128208,
         e-mail kristine.jakubovska@swedbank.lv