FCMC accepts for further evaluation AS „Daugavpils Lokomotīvju Remonta Rūpnīca” takeover bid


On December 14, 2017 the Financial and Capital Market Commission (FCMC) has accepted for further processing application for AS "Daugavpils Lokomotīvju Remonta Rūpnīca" final takeover bid by AS Skinest Rail.

Information about the takeover bid:

1. Information about the Offerer, indicating its relationship with AS "Daugavpils Lokomotīvju Remonta Rūpnīca" (Target company):

AS Skinest Rail a company registered in the Estonian Company register, registration number: 10293440, registered address: Mõisa 4, 13522, Tallinn, Estonia (henceforth – the Offerer).

Offerer owns 4 139 669 voting shares of the Target company.

On 13.12.2017. AS Skinest Rail acquired the entire equity of OÜ Lokomotiiv Investeeringud (registration number: 11096115, Estonia). OÜ Lokomotiiv Investeeringud directly owns 3 815 805 AS “Daugavpils Lokomotīvju Remonta Rūpnīca” voting shares.

Therefore, AS Skinest Rail directly and indirectly has acquired 7 955 474 AS “Daugavpils Lokomotīvju Remonta Rūpnīca” shares, all of which are publicly traded and represent 95.92% of AS “Daugavpils Lokomotīvju Remonta Rūpnīca” voting shares.

2. The price of one share, according toprospectus, is set at: EUR 0,44


 

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