Riga, 2016-12-20 15:04 CET (GLOBE NEWSWIRE) -- On 19 December this year the increase of Latvenergo AS share capital by EUR 183,895 was registered with the Commercial Register of the Register of Enterprises of the Republic of Latvia.
Share capital of Latvenergo AS is increased by paying for the new shares with property investment owned by the state for the total value of EUR 183,895; thus the share capital of Latvenergo AS reaches EUR 1,288,714,992.
In the share capital was invested 103 land parcels and an undivided share of 1 land parcel, 17 buildings, including electric appliances in three of them, with a total land area of 1.882 ha that was state capital properties already used by Latvenergo AS.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv
About Latvenergo
Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and lease of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity supply in Estonia), Elektrum Lietuva UAB (electricity supply in Lithuania), Enerģijas publiskais tirgotājs AS (administration of electricity mandatory procurement process) and Liepājas enerģija SIA (electricity and thermal energy generation and supply).