Last update: 24.11.2024 21:12 (GMT+2)

BRV: JSC “BRĪVAIS VILNIS” TO SELL CARGO QUAY

31.08.2005, Brīvais Vilnis, RIG
Riga Stock Exchange                                                           31.08.2005

JSC “Brīvais vilnis” to sell cargo quay

JSC “Brīvais vilnis” will sell a part of cargo quay that is not used in business operations.
The buyer is Estonian company "Green Energy"; the value of the deal is LVL 750 thousand. The
part of the quay used for fish cargos is retained by “Brīvais vilnis”. The proceeds from the
deal will be used for buying "Salacgrīva '95" shares; and for increasing current assets. As a
result, the company cashflow and solvency are expected to increase.

Unofficial translation by RSE


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