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Ther comment of Latvian Shipping Company daughter company SIA LASCO Investment
Emitents Latvijas kuģniecība, AS (48510000VYR04HZGC213)
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Datums 2010-01-14 11:55:13
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INFORMATION FOR MASS MEDIA

January 14, 2010
 
CHANGE OF THE OWNERS OF “MEDIJU NAMS”
 
The management board of SIA “LASCO Investment” has taken the decision to sell 100% of SIA “Media nams” shares. The purchaser of SIA “Mediju nams” is SIA “MN Mediji”, the company established by management representatives of “Mediju nams” – members of the management board – Armands Puče and Lilita Seimuškāne, as well as head of the analytical department of “Mediju nams” - Uldis Dreiblats.
 
“There are different opinions about development perspective of “Mediju nams” between the owners and the management of the company. The initiative of the management buyout of “Mediju nams” is based on more positive vision about the company’s future. In its turn, for “LASCO Investment” the deal is economically favourable and it will enable the company to fully concentrate on its core task – implementation of the real estate investment development strategy of Latvian Shipping Company Group”, says Raitis Nešpors, chairman of the management board of SIA “LASCO Investment”.
 
According to the real estate investment development strategy of Latvian Shipping Company Group, among the investment priorities of “LASCO Investment” are the real estate investments, their management and the value increase. The management board of “LASCO Investment” has taken decision to discontinue investments in media business, as they in current economic situation cannot provide investment return in short or middle term.
 
For additional information:
Raitis Nešpors,
Chairman of the management board of SIA “LASCO Investment”
Phone: +371 67 020150
E-mail: raitis.nespors@lscgroup.lv
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