The Latvian government approved two acquisitions planned by the state-owned railway company Latvijas Dzelzcels (LDz). The companies will be purchased at market value, the Transport Ministry said.
LDz will buy from its subsidiary LDz Cargo 100% of shares in LDz Cargo Logistika. LDz will also acquire indirect decisive influence in RVU Baltija rail car manufacturer through the subsidiary LDz Ritosa Sastava Serviss.
At present LDz Cargo Logistika is a fully-owned subsidiary of LDz Cargo and LDz Ritosa Sastava Serviss owns 25% in RVU Baltija, whereas the remaining 75% of shares belong to a non-resident individual.
LDz Cargo Logistika’s share value was estimated at EUR 638,000. RVU Baltija’s share value was estimated at EUR 356,000.
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