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Fatty fish in muddy water: newcomers and newcomers to the domestic stock exchange

The representation of Latvian companies on the Baltic Stock Exchange (quoting shares) is much smaller than that of its neighbors. Thus, only three of the 32 companies on the official Baltic list remain from Latvia, moreover, on Thursday the decision to exclude shares from the regulated market can also be made “OlainfarmAt the same time, new forces are coming to replace the old guards, which do not see being on the stock exchange as a historical burden, but an opportunity to raise capital and be more transparent. Delfi Bizness also potential new entrants in addition to those already known “DelfinGroup” a “Heather-A“.

In the official Baltic list, only three of the 32 companies remain from Latvia, and in the second of the 23 companies – eight from Latvia. In addition, trading in Olainfarm shares will be temporarily suspended on Thursday, October 14, as an extraordinary shareholders’ meeting has been convened on that day to decide on the exclusion of shares from the regulated market. This year JSC has been excluded from the official Baltic listGrindeks“(in February this year) shares, but excluded from the second Baltic list”Riga car electric power plant factories“(September of this year),”Valmiera glass fibers“(June of this year),” Riga Jewelery Factory “(March of this year) and” Riga Electrical Engineering Factory “(February of this year). Also one of the”Riga shipyards“The shareholders, Irina Melnik, must make a mandatory share repurchase offer by 13 October, while The Financial and Capital Market Commission (FKTK) On 12 October, it decided to allow Pata Saldus to make a mandatory share repurchase offer.

At the same time, this week is very significant on the stock exchange: despite the possibility that Olainfarm may decide to leave the stock exchange, the date of the initial public offering (IPO) of shares of the non-bank creditor DelfinGroup has been set for the official listing of the Baltic energy companies, including Estonian energy companies.Estonian Energy“IPO for the renewable energy company” Enefit Green “is set until October 14. In addition, in October of this year, the IPO prospectus of the fuel retailer” Virši-A “has been submitted to the FCMC for approval.

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