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RER reduced its stake in RER-Terminals from 91.23 % to 82.46% while BSCT increased its holdings from 8.77% to 17.54%. BSCT is 99.35% owned by British company Silverflow Properties LLP.

The respective changes were entered in the Latvian Commercial Register today.

The RER shareholders at an extraordinary meeting on July 22, 2016, approved establishment of a subsidiary, RER-Terminals. The new company was registered on August 5 and initially was fully owned by RER but BSCR acquired an 8.77% stake in RER-Terminals in September.

RER closed 2015 with audited turnover of EUR 12.984 mln euros or 2.6 times less y-o-y and a loss of EUR 235,400 as opposed to a profit in 2014.

RER is quoted on the Secondary List of the Nasdaq Riga stock exchange. Its largest shareholders are Padmore Systems Corp., Lacrier Select Inc. and Mals Company Ltd.