{"id":42155,"date":"2025-07-11T08:31:48","date_gmt":"2025-07-11T05:31:48","guid":{"rendered":"https:\/\/staging.indexo.lv\/?post_type=zinas&p=42155"},"modified":"2025-07-11T08:35:57","modified_gmt":"2025-07-11T05:35:57","slug":"financial-services-group-indexo-plans-to-acquire-pension-management-company-vairo","status":"publish","type":"zinas","link":"https:\/\/staging.indexo.lv\/en\/zinas\/financial-services-group-indexo-plans-to-acquire-pension-management-company-vairo\/","title":{"rendered":"Financial services group INDEXO plans to acquire pension management company VAIRO"},"content":{"rendered":"\n

The financial services group INDEXO, which includes the pension management company IPAS INDEXO, AS INDEXO Atkl\u0101tais Pensiju Fonds, and AS INDEXO Bank, has reached an agreement with the pension management company IPAS VAIRO on a share purchase transaction. As a result, INDEXO will integrate VAIRO into its group, including taking over the management of its pension assets. VAIRO\u2019s investment plans will continue to operate as before, and no action is required from VAIRO clients in the context of this transaction.<\/strong><\/p>\n\n\n\n

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To complete the deal approval is required from Latvijas Banka for IPAS INDEXO to acquire a qualifying holding in IPAS VAIRO, as well as both IPAS INDEXO and IPAS VAIRO shareholders must approve the transaction. At an extraordinary shareholders’ meeting on July 11, INDEXO will decide on a new share issue and capital raising to execute the transaction.<\/strong><\/p>\n\n\n\n

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The transaction foresees that IPAS INDEXO will acquire 100% of VAIRO\u2019s shares, thereby taking over the management of all VAIRO pension plans and continuing their operation within the INDEXO group. No changes are planned in INDEXO\u2019s management structure \u2013 the management board and supervisory board will continue in their current composition.<\/p>\n\n\n\n

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\u201cWe are two financial companies founded by local entrepreneurs, and we have decided to join forces to continue challenging a market dominated by foreign financial institutions. INDEXO already has more than 6,000 shareholders, and with the addition of VAIRO, we will strengthen our market position as a financial services group built in Latvia and working for the benefit of Latvian residents.<\/p>\n\n\n\n

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The core idea behind INDEXO has always been to foster competition in Latvia\u2019s stagnant financial sector \u2013 initially by introducing low-cost, index-linked investment plans, and now by offering refinancing solutions for expensive mortgage loans. By integrating VAIRO into the INDEXO group, we will become stronger and will be able to further ignite competition in both the pension and banking sectors, ultimately benefiting the people of Latvia,\u201d says Valdis Siksnis, Chairman of the Management Board of INDEXO Bank and one of the founders of INDEXO.<\/strong><\/p>\n\n\n\n

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\u201cThe merger of pension plans with INDEXO brings several long-term benefits to VAIRO clients \u2013 lower management fees, convenient access to their pension savings via the INDEXO Bank mobile app, and in the autumn, we plan to introduce a new tool that will allow clients to customize the management of their savings within a life-cycle framework. VAIRO clients do not need to take any action \u2013 their chosen pension plan will continue to operate under the same conditions,\u201d says Art\u016brs Roze, Member of the Manager Board and Asset Manager at IPAS INDEXO.<\/strong><\/p>\n\n\n\n

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The transaction is expected to be completed in the coming months, with VAIRO\u2019s operations gradually integrated into INDEXO.<\/p>\n\n\n\n

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\u201cIn a very short time, we successfully entered and established ourselves in the Latvian pension management sector with an innovative offering that creates value for our clients. We believe that by joining forces with a company that shares similar values and goals, we can better and more quickly drive positive change in Latvia\u2019s financial sector and create more benefits for the people and society of Latvia,\u201d says Reinis Rubenis, Chairman of the Supervisory Board of IPAS VAIRO.<\/strong><\/p>\n\n\n\n

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Before the transaction, IPAS INDEXO manages pension assets of approximately EUR 1.34 billion entrusted by more than 144,000 clients. IPAS INDEXO is also the 100% parent company of AS INDEXO Bank, which began serving retail clients at the end of August last year and currently has more than 37,000 clients and total client deposits exceeding EUR 48 million. Meanwhile, IPAS VAIRO has approximately 14,000 clients and EUR 87 million in pension assets under management. By joining forces, after the transaction, IPAS INDEXO\u2019s pension assets under management would approach the EUR 1.5 billion mark, and the total number of clients in the INDEXO financial group (including the bank) would approach 200,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial services group INDEXO, which includes the pension management company IPAS INDEXO, AS INDEXO Atkl\u0101tais Pensiju Fonds, and AS INDEXO Bank, has reached an agreement with the pension management company IPAS VAIRO on a share purchase transaction. As a result, INDEXO will integrate VAIRO into its group, including taking over the management of its […]<\/p>\n","protected":false},"author":16,"featured_media":42156,"comment_status":"open","ping_status":"closed","template":"","class_list":["post-42155","zinas","type-zinas","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/zinas\/42155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/zinas"}],"about":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/types\/zinas"}],"author":[{"embeddable":true,"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/comments?post=42155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/media\/42156"}],"wp:attachment":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/media?parent=42155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}