OREANDA-NEWS. JSC “Latvian Shipping Company” (hereafter - Company) is pleased to announce the sale of its subsidiary company “Medical Invest” Ltd to “LR Capital” Ltd. The disposal of the company resulted in a net revenue of EUR 400 thousand. This sale continues the policy of disposing of non-core assets of the Company. “Medical Invest” Ltd share capital is 457'300 EUR and it owns 45.45% in medical clinic “Via Una”.

JSC “Latvian Shipping Company” (NASDAQ OMX RIGA: LSC1R) is among the biggest vessel owners in the segment of medium and handy size tankers and takes leading positions in terms of the transported amount of petroleum products among similar companies in Northern Europe. The company owns 16 modern vessels employing more than 700 professional and high-skilled seamen from Latvia. The average age of the LK fleet is 6.5 years. All of the vessels have received ISM (International Safety Management) certificates.