The out of court legal protection process initiated for „LASCO Investment” Ltd.

The out of court legal protection process has been initiated for JSC “Latvijas
kuģniecība” (LASCO) daughter company „LASCO Investment” Ltd. „LASCO Investment”
Ltd is a LASCO Group's real estate holding and management company. 

“Similarly as for the other real estate related companies of LASCO Group, the
aim for applying the out of court legal protection process is to preserve the
value of the company's assets and to protect the interests of all the
shareholders,  preserving the company's assets from the forced sale during
crisis period for the unreasonably low price. During the out of court legal
protection process, which will long for two years, we hope to refinance
existing liabilities which in the medium term - i.e., in three to five years'
time will ensure profits for LASCO shareholders from the sale of the real
estate investments,” explains Raitis Nešpors, chairman of the Management Board
of „LASCO Investment” Ltd. 



Additional information:
Ģirts Apsītis
Adviser of the Chairman of the Management Board
Latvian Shipping Company
Phone: +371 67020126
E-mail : ir@lscgroup.lv