Latvian Forest Company AB (publ.) has signed a purchase agreement with the owners of Latfolde AB regarding the purchase of all shares of Latfolde AB. The purchase price is provisionally estimated to amount to 2,050,000 Euro. LFC will through the purchase acquire an additional 961 hectares.
The purchase includes shares in Latfolde AB. Latfolde AB is a 100% owner of the Latvian subsidiary Latfolde One SIA. Latfolde One SIA has assets consisting of a total of 961 hectares. Of these, 706 are forests, 149 hectares are agricultural land, and 106 hectares consists of other land. The total growing stock is estimated at approx. 105,000 cubic meters. Many of the properties that the company will own after purchase border or are close to properties that LFC already owns.
The company has secured the purchase with an advance deposit of 205,000 EUR. The purchase shall be completed by October 30, 2020.
For further information contact
Aleksandrs Tralmaks, CEO
+37129203972
[email protected]
Or visit our website: www.latvianforest.se