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We care for health care
today and in the future
"AB City" is the parent company of two commercially and socially significant joint stock companies: AS "Repharm" and AS "Olainfarm". The conglomerate includes healthcare, pharmaceutical retail and wholesale, production companies and laboratory test service providers operating in the Baltic region with a total annual turnover of over EUR 500 million.
People and health are the focus for the businesses and brands represented by "AB City", producing medicines at "Olainfarm", providing services at "Mēness aptieka pharmacies", "Veselības centru apvienība" and "InMedica group" medical institutions, branches of "Centrālā laboratorija", the wholesaler "Recipe Plus" as well as plant-based medicines at "Rīgas Farmaceitiskā fabrika".
Read moreWe believe that affordable health care means healthier society and happier people.
In order to further improve AB CITY Group's operations, Kristine Jučkoviča, Director of Strategic and Health Policy, has joined the management team, complementing the centralised management of functions within the holding company.
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In order to ensure that AS Olainfarm shareholders have the opportunity to receive fair value for their shares, the mandatory buy-back of AS Olainfarm shares is currently taking place. It is being conducted in accordance with the provisions of the Republic of Latvia’s Financial Instrument Market Law, and is being overseen by the Financial and Capital Market Commission (FCMC).
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Today, 3 November, the Repharm Group’s parent company AS AB City has received permission from the Financial and Capital Market Commission (FCMC) to go ahead and make a mandatory AS Olainfarm share buy-back offer.
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