The INDEXO financial services group, which includes the pension management company IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds, and AS INDEXO Banka, has received approval from the Bank of Latvia to acquire a significant stake in the pension management company VAIRO. The implementation of the transaction has been supported by the shareholders of both IPAS INDEXO and IPAS VAIRO. INDEXO plans to complete the acquisition of IPAS VAIRO in the near future.  

The transaction foresees that IPAS INDEXO will acquire 100% of VAIRO’s shares. Following the approval from the Bank of Latvia, IPAS INDEXO intends to take over the management of IPAS VAIRO’s investment plans and merge them with INDEXO’s second pillar pension investment plans. 

Until then, VAIRO’s pension investment plans will continue to operate as before, and no action is required from VAIRO clients in the context of this transaction. 

About INDEXO 

INDEXO is a financial services group that includes pension management companies and INDEXO Bank.           

INDEXO, an investment management company licensed by the Bank of Latvia, offers modern 2nd and 3rd pillar pension plans in Latvia. It is one of the fastest-growing pension managers in the Baltics, with almost 145 thousand customers and more than EUR 1.4 billion assets under management.                

INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 42 thousand clients, with total client funds amounting to EUR 52.4 million and EUR 26 million in issued consumer loans.        

Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with around 7,000 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services.       

For more information visit www.indexo.lv.    

Contact information:
Ieva Bauma
INDEXO Head of Marketing and Communications
E: ieva.bauma@indexo.lv
P: +371 28 636 789