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Sale of shipping company: Take two

Jul 15, 1999

RIGA (BNS) - The Latvian Privatization Agency has developed new draft conditions for privatization of the Latvian Shipping Company and handed them to the Economics Ministry July 8.The LPA had to prepare new terms after the two bids for the privatization of the shipping company were found to be invalid in mid-June because the applicants had not submitted all the necessary documents.Under the new conditions, 41 percent or 82 million shares of the total 200 million company's shares would be offered ...

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