EU – Baltic States, Investments, Latvia, Legislation, Railways, Transport

Eiropas Dzelzcela Linijas is Latvia’s shareholder in the Baltic joint venture RB Rail.

The Latvian Transport Ministry said that of the EUR 680,000 invested in Eiropas Dzelzcela Linijas, EUR 650,000 will be further invested in RB Rail, obtaining a stake in the company that equals the stakes held by Estonia and Lithuania, while EUR 30,000 will be used to ensure operations of Eiropas Dzelzcela Linijas.

The ministry said that in line with the agreement of RB Rail shareholders, Latvia, Lithuania and Estonia have resolved to make further capital investments in the company, increasing its share capital three times and ensuring equal parts in the share capital. This is the third raise of the share capital. Previously the Latvian state invested EUR 650,000 in the share capital of RB Rail in a similar way in 2015 and 2016.

RB Rail was registered in 2014, and its share capital is EUR 1,950,006.