Latvijas Propāna Gāze SIA

Callidus Capital attracted financing of EUR 20 million for Latvijas Propāna Gāze Ltd. The financing was used for minority shareholder buyout and development of the company. In order to secure the best possible deal conditions, the ALTUM guarantee was used to cover part of attracted financing.

Latvijas Propāna Gāze the largest supplier of liquefied petroleum gas (LGP) in Latvian market holding 70% of autogas market, 60% of LPG heating market and 50% of LPG cylinders market. The company also provides LPG export and transit.