Latvijas kugnieciba
On “Medical Invest” Ltd sale
Latvijas kugnieciba 03.11.2014 15:23 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- JSC 'Latvian Shipping Company' (hereafter - Company) is pleased to announce the sale of its subsidiary company 'Medical Invest' Ltd to 'LR Capital' Ltd. The disposal of the company resulted in a net revenue of EUR 400 thousand. This sale continues the policy of disposing of non-core assets of the Company. 'Medical Invest' Ltd share capital is 457'300 EUR and it owns 45.45% in medical clinic 'Via Una'. 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 700 professional and high-skilled seamen from Latvia. The average age of the LK fleet is 6.5 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 03.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Latvijas kugnieciba Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000101103 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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