Latvian Forest Company sells Vidzeme portfolio in Latvia for EUR 11.93 million

Latvian Forest Company agreed to sell its Vidzeme portfolio in Latvia for EUR 11.93 million, matching its discounted cash flow valuation. The portfolio covers over 2,200 hectares, approximately 90% forestland, with roughly 300,000 cubic meters of standing timber. Closing is expected in late October 2026, subject to Latvian registry approval of the subsidiary transfer. Proceeds will repay approximately EUR 3.2 million of long-term loans, reducing loan-to-value from 15.8% to 11.6%. The board proposed a dividend of SEK 2 per share, totaling approximately SEK 80 million, for a fourth-quarter extraordinary general meeting. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Latvian Forest Company AB published the original content used to generate this news brief via Cision (Ref. ID: 202610161231BITN____UKPR__SV_20261016-BIT-4644-0) on October 16, 2026, and is solely responsible for the information contained therein. (C)