Latvian Shipping Shares To Be Auctioned
August 17, 1999
Latvia’s government has announced a plan to sell 44 percent of Latvian Shipping, which could take place by the end of the year. According to reports, 34 percent of the firm will be offered in a first-round cash auction, with the winner of that bid to get another 10 percent in a separate transaction for the same tender price.
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