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.
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 (publ) is the Swedish parent company which in turn owns 100 percent of all subsidiaries. The Latvians subsidiaries are the entities that formally purchase and own all property.
A well established local organization has been working since the beginning of 2010 and handles the purchasing process and legal issues as well as on-going forest management activities and book keeping. The persons involved have suitable qualifications in the areas of forest management as well as legal issues involved. They have a well established track record as concerns property purchases in the forestry sector as well as in forest management.
The Latvian organization is to a large extent renumerated on the basis on the number of hectares acquired the forest management activities performed. The remuneration structure is designed to motivate a high level of activity while at the same time providing for a long-term shareholder interest. The purpose being to favor activities that create maximum long term returns for shareholders.
CEO (part time) is Aleksandrs Tralmaks who also is Chairman of the Board for Catella Corporate Finance in Riga and has established Catella operations in the three Baltic countries. He has, amongst other things, been involved with the sale of the largest sawmill in Latvia as well several large forest property portfolios.
The board consists of the Chariman Jan Edward Alvenius and the Board Members Martin Hansson, Ulrika Arver, Anders Nilsson and Andreas Norman. Ulrika Arver represents Arvergruppen AB, a privatley owned company. Jan Edvard Alvenius is employed by the Nordea group, the largest bank in the Nordic countries, and is one of those whose previous experience in Latvia formed the basis for Latvian Forest Company as it exists today. Anders Nilsson was the seller of one of the property packages purchased during spring 2014. Anders has extensive experience of building and managing forest property portfolios in both Latvia and Sweden. Andreas Norman has a degree from The Swedish Univeristy of Agricultural Science and has previous forestry business experience from Rusforest and IKEA Industry in Russia. Martin Hansson represents the largest individual shareholder Galjaden AB.