Latvian Forest Company AB is a publicly traded, Swedish limited liability
company that offers private individuals and legal entities the opportunity
to invest in favorably valued forest property in Latvia.
LFC informs that its past CEO and board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB regarding profit sharing corresponding to EUR 378,500.Read more
Today, Monday, July 1, 2019, is the record day to receive a dividend. According to a resolution of the Annual General Meeting dividend to the shareholders shall be paid EUR 0.54 per share or a total of EUR 11 075 973.Read more
Report from the Annual General Meeting
Latvian Forest Company AB (publ) held the Annual General Meeting on June 27, 2019.
LFC informs that Chairman of the Board, Ted Alvenius, is of a different opinion than the remaining Board of Directors regarding a transaction involving compensation for value increase in connection with the sale of all shares in the operating subsidiaries.Read more
Galjaden Invest AB has increased its holding in Latvian Forest Company AB to 20.03%.Read more
Latvian Forest Company has, in accordance with a resolution at the Extraordinary General Meeting on March 27, 2019, completed the sale of all shares in SIA Latvijas mezu kompanija and Baltic Forest IV SIA.Read more
Nils Robert Persson has increased his holding in Latvian Forest Company AB.Read more
Latvian Forest Company AB (publ) held the Extraordinary Annual General Meeting on March 27, 2019. The meeting resolved on the sale of all shares in the operating subsidiaries SIA Latvijas Mezu Kompaniju and Baltic Forest IV SIA to SCA Mezs Latvija, SIARead more
The shareholders of Latvian Forest Company AB (publ), Reg. No. 556789-0495 ("The Company") are hereby summoned to the Extraordinary General Meeting of shareholders to be held on Wednesday, March 27, 2019 at 10.00 in Galjaden Fastigheter premises on Linnégatan 18, Stockholm.Read more
Latvian Forest Company AB undertecknar i enlighet med tidigare ingången avsiktsförklaring ett aktieöverlåtelseavtal med SCA Mezs Latvija, SIA rörande försäljning av samtliga aktier i de rörelsedrivande dotterbolagen SIA Latvijas mezu kompanija och Baltic Forest IV SIA, innebärande en avyttring av bolagets verksamhet.Read more
Latvian Forest Company AB signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the company’s operations by way of sale of all shares in the operating subsidiaries SIA Latvijas mezu kompanija and Baltic Forest IV, SIA. The total sale price is estimated to 26 000 000 Euro.Read more
We at Latvian Forest Company are proud supporters of orienteering in Latvia.Read more
Bronsstädet AB (556612-1124) has purchased 1.878.616 B-shares in Latvian Forest Company AB (publ). The ownership, after purchases, corresponds to 14.81 percent of capital and 14.01 percent of votes which makes Bronsstädet AB the largest shareholder in Latvian Forest Co.Read more
Following the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.Read more
Latvian Forest Company AB is a Swedish limited liability company that purchases and manages forest property in Latvia. The main business idea is to provide for the opportunity to take part in an expected rise in market prices for forest property in Latvia. It is primarily an increased value of the properties that is to generate returns for shareholders.
Investments in property are financed with equity raised through share issues targeted toward existing shareholders as well as external investors. Share issues are carried out on a regular basis corresponding to the rate at which investments can be made. The rate of expansion, and thereby also financing needs, are dictated by the availability of suitable properties available for purchase.
Operations generate the cash flow necessary to finance daily activities. A significant portion of the costs incurred are variable and arise in connection with activities that generate turnover and cash-flow such as thinning, harvesting and other management activities. The objective is that as much as possible of the equity raised from investors is to be invested directly in forest property and not used for financing daily operations. Local labor and subcontractors are employed for management activities and harvesting. The parent company is Swedish and has Swedish management.
Profits generated in on-going operations are to be reinvested in new property as far as possible. If advantageous offers are received, property will be sold and profits will be realized.
Focus is primarily on the northern/northeastern region of Latvia around the area Valmiera. Prices are somewhat higher than farther to the east, but this is outweighed by the advantages of purchasing properties in this region. One is that the company has a well established network in the region as well as a solid understanding of the local market. Another is that the infrastructure is relatively well developed with proximity to customers and subcontractors.
The focus on Latvia has its origins in previous projects involving the founders and related parties. The experience gathered over the past ten years as well as existing networks have formed the basis for operations in Latvian Forest Company. Latvia has a favorable property structure. Many smaller properties as well as ownership distributed on many smaller, private owners, provides for opportunities in consolidating
ownership and creating larger property packages.
Latvia, like the other Baltic States, is an EU member and has a relatively stable and predictable legal system. The market for forest products is international and thus not directly dependent on the market development in Latvia.