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Latvijas Gazes shares hit public auction

Jul 30, 1998
Anastasia Styopina

RIGA – The public offering of shares from the Latvian gas utility Latvijas Gaze (LG) is expected to arouse interest among local and foreign investors.From Aug. 3 to Sept. 25, investors will be able to acquire 5.4 million LG shares for privatization vouchers. The Latvian Privatization Agency (LPA) determined the price of one share for public offering at 2.5 lats ($4.10).LG's shareholders also decided to increase the company's share capital from 36 million to 39.9 million lats through the closed i ...

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