SIA “public asset manager Possessor” sells “Latgale studio and artificial insemination station” to a public capital share. 

The State capital share was transferred for sale by Cabinet Order No. 228 of 26 April 2007, regarding the sale of capital shares of capital companies transferred to the State pension special budget.

Company information

Equity capital of JSC “Latgale breeding and artificial insemination station” – 241 966.20 euro

Number of shares – 172 833

Nominal value of the share - 1,40 euro

Address: Latgales street 5, Viļāni, Rezekne municipality, LV-4650

 Information on the subject of sale

State-owned “Latgale breeding and artificial insemination station” 8 486 akcijas or 4,911 TP1T of fixed capital (stock package)

 Sales terms (including The draft contract for the purchase of shares is available on the website of SIA “public asset manager Possessor” www.possessor.gov.lv.

Phone for reference: 67021365, 67021314

Price and settlement

Stock Batch Price: 11 021 euro

Time-limit for settlement: immediate payment due in accordance with the rules on the sale of a stock package

 Time and modalities of the application

In accordance with Section 238 of the Commercial Law, the pre-emption right to the stock package of “Latgale breeding and artificial insemination” is shareholders of that capital company. If shareholders of a capital company do not agree to use pre-emption rights, they will not apply for all shares or do not subscribe to purchase agreements for the purchase of all shares in the stock package, SIA “public asset manager Possessor” will announce the electronic auction of a stock package (with an upward step), in which any interested party will be able to authorize the purchase of a stock package.