Latvijas kugnieciba
On soccer club Ventspils stake sale

Latvijas kugnieciba 

20.02.2015 07:39

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Riga, 2015-02-20 07:39 CET (GLOBE NEWSWIRE) -- JSC 'Latvian Shipping Company'
(hereafter - Company) has sold its stake in SIA 'Futbola klubs 'Ventspils''
(hereafter - Soccer club). Company owned 23% stake in the Soccer club with the
total nominal value of the shares 184 500 LVL (262 520 EUR). All the shares,
using pre-emption rights are bought by 3 existing shareholders of Soccer club.
The value of the deal is symbolic, considering negative equity of the Soccer
club. This sale continues the policy of disposing of non-core assets of the
Company. 

About JSC 'Latvian Shipping Company'

JSC 'Latvian Shipping Company' (NASDAQ OMX RIGA: LSC1R) is among the biggest
vessel owners in the segment of medium and handy size tankers and takes leading
positions in terms of the transported amount of petroleum products among
similar companies in Northern Europe. The company owns 16 modern vessels
employing more than 500 professional and high-skilled seamen from Latvia. The
average age of the LK fleet is 7 years. All of the vessels have received ISM
(International Safety Management) certificates. 






         Additional information:
         
         Elīna Dobulāne, Communication Consultant
         JSC 'Latvian Shipping Company'
         Phone: +371 25959447
         E-mail: elina.dobulane@vnafta.lv
         www.lk.lv
News Source: NASDAQ OMX



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Language:     English
Company:      Latvijas kugnieciba
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000101103
WKN:          
 
End of Announcement                             DGAP News-Service
 
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