Pursuant to the Law on the Management of State–Owned Capital Shares and Capital Companies and the order of the Cabinet of Ministers “On Investment of State Owned Real Estate into the Share Capital of Latvenergo AS”, the share capital of Latvenergo AS has been established in the amount of 1,288,531,097 euro. On 10 December this year the respective increase was registered with the Commercial Register of the Register of Enterprises of the Republic of Latvia.

The share capital has been increased by 84,740 euro, by the Ministry of Economics investing state real estate as the property investment. The investment includes 157 land units, undivided shares of one land unit and seven buildings with the total state property investment value of 84,740 euro. Thus, the share capital of Latvenergo AS has been increased to 1,288,531,097 euro from 1,288,446,357 euro.

Additional information:
Ivita Bidere
Press Secretary
Phone: +371 67728809, +371 29279158
E-mail: ivita.bidere@latvenergo.lv

http://www.latvenergo.lv/

About Latvenergo

Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and management of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (management of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity supply in Estonia), Elektrum Lietuva UAB (electricity supply in Lithuania), Enerģijas publiskais tirgotājs AS (administration of electricity mandatory procurement process) and Liepājas enerģija SIA (electricity and thermal energy generation and supply), as well as Elektrum Latvija SIA (electricity supply), a subsidiary of Elektrum Eesti OÜ.