2024-06-28 18:36:09
Final week, the power firm Latvian fuel introduced the exclusion of its shares from Nasdaq Riga of the Baltic Second Listing of the inventory alternate. On this course of, consideration is paid, amongst different issues, to the pursuits of the corporate’s minority shareholders and the federal government’s objective of attaining 9% of the gross home product (GDP) inventory market capitalization by 2027. On the finish of final yr, this indicator was 1.8% of GDP.
With Latvian fuel after delisting, the inventory market capitalization will lower by about 350 million euros, or greater than half, and might be round 340 million euros.
“In fact, Latvian fuel the choice to go away the inventory alternate is disagreeable for the Latvian capital market as an entire. This information will definitely have the identical unfavorable influence on the federal government’s plans to realize capitalization of the Latvian capital market at 9% of GDP, as a result of – simply to take care of the present stage, it will likely be crucial to draw further inventory market issuers for 350 million euros as an alternative,” explains INVL Household Workplace supervisor in Latvia Andrejs Martinovs.
With little or no chance
“The federal government’s objective of attaining a 9% inventory market capitalization by 2027 may be very formidable, to not point out unachievable. Latvian fuel the choice to delist its shares will additional complicate the achievement of this objective, because it reduces the full market capitalization by about half.
Learn the entire article in newspapers Day within the concern of Thursday, June 27! If you wish to proceed studying the newspaper in printed type, you possibly can subscribe to it
2024-06-28 18:36:09