Latvian Forest Company sells Vidzeme portfolio in Latvia for EUR 11.93 million
Bitget2026/10/16 16:32- Latvian Forest Company agreed to sell its Vidzeme portfolio in Latvia for EUR 11.93 million, matching its discounted cash flow valuation.
- The portfolio covers over 2,200 hectares, approximately 90% forestland, with roughly 300,000 cubic meters of standing timber.
- Closing is expected in late October 2026, subject to Latvian registry approval of the subsidiary transfer.
- Proceeds will repay approximately EUR 3.2 million of long-term loans, reducing loan-to-value from 15.8% to 11.6%.
- The board proposed a dividend of SEK 2 per share, totaling approximately SEK 80 million, for a fourth-quarter extraordinary general meeting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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