Latvian Forest Company AB is a publicly traded, Swedish limited liability
company that offers private individuals and legal entities the opportunity
to invest in favorably valued forest property in Latvia.
Period January-December 2019
Minutes kept at the Annual General Meeting of Latvian Forest Company AB (publ), org. 556789-0495, at 10.00, Monday, December 16, 2019 in Stockholm.Read more
Parts of the acquisition have already been taken up and the remaining shall be taken later.Read more
Shareholders wishing to participate in the Meeting shall be included in the share register kept by Euroclear Sweden AB ("VPC) and report their participation no later than Wednesday December 11, 2019.Read more
LFC informs that its past CEO and board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB regarding profit sharing corresponding to EUR 378,500.Read more
All shares in the subsidiaries have been sold, leading to a surplus of 10,803 TEUR
Today, Monday, July 1, 2019, is the record day to receive a dividend. According to a resolution of the Annual General Meeting dividend to the shareholders shall be paid EUR 0.54 per share or a total of EUR 11 075 973.Read more
Book value of fixed assets amounts to 24,733.2 (21,924.3) TEUR
Notice of the Annual General Meeting of Latvian Forest Company AB (publ).
Shareholders of Latvian Forest Company AB (publ), org. No. 556789-0495, (the "Company") is hereby invited to the Annual General Meeting on Thursday, June 27, 2019, at 10:00 a.m. in Galjaden Fastigheter's premises on Linnégatan 18 in Stockholm.Read more
LFC informs that Chairman of the Board, Ted Alvenius, is of a different opinion than the remaining Board of Directors regarding a transaction involving compensation for value increase in connection with the sale of all shares in the operating subsidiaries.Read more
Galjaden Invest AB has increased its holding in Latvian Forest Company AB to 20.03%.Read more
Latvian Forest Company has, in accordance with a resolution at the Extraordinary General Meeting on March 27, 2019, completed the sale of all shares in SIA Latvijas mezu kompanija and Baltic Forest IV SIA.Read more
Nils Robert Persson has increased his holding in Latvian Forest Company AB.Read more
Latvian Forest Company AB (publ) held the Extraordinary Annual General Meeting on March 27, 2019. The meeting resolved on the sale of all shares in the operating subsidiaries SIA Latvijas Mezu Kompaniju and Baltic Forest IV SIA to SCA Mezs Latvija, SIARead more
The shareholders of Latvian Forest Company AB (publ), Reg. No. 556789-0495 ("The Company") are hereby summoned to the Extraordinary General Meeting of shareholders to be held on Wednesday, March 27, 2019 at 10.00 in Galjaden Fastigheter premises on Linnégatan 18, Stockholm.Read more
LATVIAN FOREST COMPANY SIGNS SHARE TRANSFER AGREEMENT WITH SCA MEZS LATVIARead more
Latvian Forest Company AB signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the company’s operations by way of sale of all shares in the operating subsidiaries SIA Latvijas mezu kompanija and Baltic Forest IV, SIA. The total sale price is estimated to 26 000 000 Euro.Read more
We at Latvian Forest Company are proud supporters of orienteering in Latvia.Read more
Bronsstädet AB (556612-1124) has purchased 1.878.616 B-shares in Latvian Forest Company AB (publ). The ownership, after purchases, corresponds to 14.81 percent of capital and 14.01 percent of votes which makes Bronsstädet AB the largest shareholder in Latvian Forest Co.Read more
Following the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.Read more
Latvian Forest Company AB (publ) is the Swedish parent company which in turn owns 100 percent of all subsidiaries. The Latvians subsidiaries are the entities that formally purchase and own all property.
A well established local organization has been working since the beginning of 2010 and handles the purchasing process and legal issues as well as on-going forest management activities and book keeping. The persons involved have suitable qualifications in the areas of forest management as well as legal issues involved. They have a well established track record as concerns property purchases in the forestry sector as well as in forest management.
The Latvian organization is to a large extent renumerated on the basis on the number of hectares acquired the forest management activities performed. The remuneration structure is designed to motivate a high level of activity while at the same time providing for a long-term shareholder interest. The purpose being to favor activities that create maximum long term returns for shareholders.
CEO (part time) is Aleksandrs Tralmaks who also is Chairman of the Board for Catella Corporate Finance in Riga and has established Catella operations in the three Baltic countries. He has, amongst other things, been involved with the sale of the largest sawmill in Latvia as well several large forest property portfolios.
The board consists of the Chairman Mr. Martin Hansson and the Board Members Mr. Aleksandrs Tralmaks, Mr. Anders Nilsson and Mr. Andreas Norman. Martin Hansson represents the largest individual shareholder Galjaden AB. Aleksandrs Tralmaks in the Managing Director of Latvian Forest Company AB. Anders Nilsson was the seller of one of the property packages purchased during spring 2014. Anders Nilsson has extensive experience of building and managing forest property portfolios in both Latvia and Sweden. Andreas Norman has a degree from The Swedish University of Agricultural Science and has previous forestry business experience from Rusforest and IKEA Industry in Russia.