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Thursday, 18.04.2024, 04:10
Vitol Netherlands will make mandatory takeover bid in Latvijas Kugnieciba shares
She said that the price of one share in prospectus is set at EUR 0.71.
"As Vitol Netherlands B.V. has obtained 69.56 percent of voting shares
in Latvijas Kugnieciba, and it is obliged to make the mandatory takeover
bid," said Auza.
The takeover bid will last for 30 calendar days, from the day it was
expressed, that is, from the date when the offerer in accordance with the Law
on the Financial Instruments Market has published information on the takeover
bid in the official gazette Latvijas Vestnesis.
Latvijas Kugnieciba provides shipping services in all seas and oceans of
the world, trains and recruits crews, as well as provides technical ship
management to its own and ships owned by other companies.
Latvijas Kugnieciba is quoted on the Main List of the Nasdaq Riga stock
exchange.