Latvijas balzams
The ban on the sale of ‘Stolichnaya’ and ‘Moskovskaya’ in the Benelux countries will not affect the business of JSC Latvijas balzams
Latvijas balzams 27.03.2015 10:50 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Riga, 2015-03-27 10:50 CET (GLOBE NEWSWIRE) -- Commenting on the decision of a court in the Netherlands compelling Spirits International to stop selling Stolichnaya and Moskovskaya vodka in the Netherlands, Belgium and Luxembourg, JSC Latvijas balzams announced that the volumes produced for distribution in the Benelux countries are insignificant and this decision will not affect the business operations of the company. The SPI Group, the parent company of the Stoli Group, on whose behalf Stolichnaya and Moskovskaya vodkas are made in Latvia, has also announced that it still owns the Stolichnaya and Moskovskaya trademarks in over 190 markets across the world, except in Russia and will examine further steps in connection with this decision. SPI Group announcement attached. Dana Hasana dana.hasana@lb.lv 263 55895 News Source: NASDAQ OMX 27.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Latvijas balzams Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000100808 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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