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Saturday, 20.04.2024, 01:57
Shares of Latvia's RER electric equipment maker acquired by Cyprus-registered company
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The statement said that on April 18 Baltijskij Bank has disposed of 17.4% of shares in RER. Baltijskij Bank earlier held 1,008,994 shares in the company.
At the same time, 1,008,994 shares or 17.4% were acquired by Cyprus-registered Crowning Finance Cyprus Limited.
RER share capital consists of 5,799,005 shares with a face value of EUR 1.4. including 2,798,400 shares in public circulation.
Earlier 46% of RER stake belonged to Russia's Krona Group, 23% to Belgium-registered company Mals Company Ltd, 17.4% to Russia' s Baltijskij Bank, and 10.04% to Imfelant Productions Inc registered in the British Virgin Islands.
As reported, RER closed 2016 with preliminary turnover of EUR 20.243 mln euros or 54.6% up y-o-y and a profit of EUR 332,802 as opposed to a loss in 2015.
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.
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