The Government of Lithuania has decided to pass over the state owned shares of PC Lithuanian Shipping Company – 46.953,531 ordinary registered non-material shares to the state company Lithuanian Railways.
The shares represent 56.66% of the votes in General Meeting of the shareholders of Lithuanian Shipping Company.
The company’s operating losses from January to July of 2015 were EUR 4.2 million, the losses of H1 of 2014 were EUR 1.6 million.
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