The shares of „LASCO Housing Service” Ltd is disposed


There are changes registered at the Commercial Register of the Republic of
Latvia on termination of JSC “Latvijas kuģniecība” (LASCO) group's company
“LASCO nekustamie īpašumi” Ltd. participation in the limited liability company
“LASCO Housing Service”, joint registration number 40003618705. The termination
of the participation is based on the sale of all the capital shares in “LASCO
Housing Service” Ltd. with the nominal value of LVL 10 000 (ten thousand lats)
to „VEGALATS GRUPA” Ltd. Before the sale the market research was done and the
most advantageous offer is chosen. 

The decision about the disposal of the capital shares in “LASCO housing
service” Ltd. is made with the aim to continue to implement the approved LASCO
group's strategy for developing real estate investments, which defines focusing
on adding maximum value to the real estate investments. The main function of
“LASCO housing service” Ltd. was the maintenance of the LASCO group's real
estate objects and further provision of the function in-house does not
correspond with tasks set out in the real estate development strategy as it
does not add value to real estate investments as well as does not add value to
the shareholders of the LASCO group. 



Additional information:
Ģirts Apsītis
Adviser of the Chairman of the Management Board
Latvian Shipping Company
Phone: +371 67020126
E-mail : ir@lscgroup.lv