Longo Group News | Oct 10, 2024
Longo Group is preparing for a public bond offering in the Baltics in Q4 2024 to refinance liabilities and raise working capital, with Signet Bank as the arranger and Sorainen as the collateral agent...
Brought to you by RivalSense - an AI tool for monitoring any company.
RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡
Longo Group
🌎 longo.groupLongo Group is the leading used car retailer in the Baltic states, with a mission to transform the used car industry by providing a transparent and reliable purchase experience. The company operates both digitally and through physical locations, sourcing cars from the Netherlands, Belgium, and Germany, and ensuring they are thoroughly checked and prepared before sale. With consolidated revenues exceeding 46 million euros in 2022, Longo aims to become the market leader in car retail in the region.
Updates as of Oct 10, 2024
- Longo Group is preparing for a public bond offering in the Baltics in Q4 2024 to refinance liabilities and raise working capital, with Signet Bank as the arranger and Sorainen as the collateral agent.
- Longo Group is preparing a public bond offering in Q4 2024 to refinance liabilities and raise capital for expansion in the Baltics.
- Longo Group plans to open a new car preparation and service center in Panevėžys by the end of the year, investing 2 million euros with support from Citadele Bank.
- Karolis Lamauskas has left Longo Group as Transport Manager in Lithuania to join MANVESTA as Logistics Manager.
- Longo Group is hiring a new Group Financial Analyst in Riga.
Did you find it useful?
If you liked this report, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.
