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Aug 27, 1998

AVE LAT GRABS ANOTHER STAKE IN KAIJA: The Riga Stock Exchange announced an installment plan agreement was signed between the fish cannery Kaija and the conglomerate Ave Lat Group. Ave Lat will purchase 504,377 Kaija shares, issued on Feb. 13, 1997 to capitalize tax debt transferred to the state budget. The nominal value of one share is one lat ($1.6). All shares are ordinary shares with voting rights. According to the installment agreement, the price for each share is 1.16 lats. The group also s ...

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