BVI-based Balkan Investment Group plans name change and raising funds on AIM
Equest Investments Bulgaria Ltd., the company domiciled in the British Virgin Islands and quoted in Dublin, is planning to raise £44 million on AIM, to make investments in the Balkans, Turkey and Ukraine. In connection to this, the BVI company plans to change its name to Equest Investments Balkans, after the fund-raising at £12.10p per share.
The stated purpose of Equest Investments is to pursue long-term capital growth through taking share stakes in the companies that are established or operating in Bulgaria, Romania, Slovenia, Albania, Serbia, Croatia, Montenegro, Ukraine and Turkey.
Nominated adviser and broker to Equest Investments is Collin Stewart. The director of the company is Petri Karjalainen, ex- managing director of Williams de Broe Bankers, and former head of emerging markets for Dutch finance group ING in London. He is also co-founder and joint managing partner of Equest Managing Partners – a London-based group, which was formed five years ago and has offices in Sofia, Bucharest and Belgrade.