2020: Latvian Forest Company acquired Latfolde

By March 8, 2021No Comments

When we sum up 2020, we are happy and proud of the trust placed in us to represent the buyer side in the captioned transaction.

Latvian Forest Company AB (publ) acquired during autumn 2020 from a group of private investors all of the shares in Latfolde AB at a purchase price of 2,050,000 euro. The acquisition included Latfolde AB’s Latvian subsidiary Latfolde One SIA with assets consisting of 961 hectares of land in Latvia. The total acquired timber stock is estimated to approximately 105,000 cubic meters.

Latvian Forest Company AB is a Swedish listed company that acquires, sells and conducts forestry on favourably valued forest in Latvia. The three main foundations of the business are, in addition to forest being a sought-after real asset growing on its own, an expected increase in the price levels of Latvian forest and agricultural properties, to create value through active forest management and to create value by building a larger real estate portfolio. The Company’s B-share is traded on Spotlight Stock Market.

Latvian Forest Company was advised by HWF Advokater in the transaction.