The process of sale of shares of AS Riga International Bus Station owned by SIA Rīgas acs has started
SIA Rīgas acs, 100% shareholder of which is Rīgas satiksme, has started the process of sale of its 49.99% shares in AS Riga International Bus Station, based on the decision of the Riga City Council on termination of participation. In April this year, potential investors will be approached and an open call for the shares will be launched, organised by the audit and business advisory company SIA KPMG Baltics.
Rīgas satiksme owns 100% of the shares in SIA Rīgas acs, which in turn owns 49.99% of the shares in the joint stock company Riga International Bus Station. On the basis of the decision of the Riga City Council of 27 March 2024 on the termination of the participation in SIA Rīgas acs, the process of disposal of the shares in AS Riga International Bus Station held by SIA Rīgas acs has been initiated.
SIA KPMG Baltics has been selected as the organiser of the investment attraction and sale process. According to the terms of the agreement, SIA KPMG Baltics has 12 to 18 months to secure the most advantageous binding offer from Rīgas acs to identify the most suitable buyer for the shares of AS Riga International Bus Station at a given time.
The preparatory phase has now been completed, after which an active investor outreach process was launched and all interested applicants now have the opportunity to apply.
For potential investors
Potential investors can apply for the purchase of 49.99% of the shares of joint stock company Riga International Bus Station until 19 May. For further information please contact Kristīna Ašeniece, Project Manager at SIA KPMG Baltics, e-mail: kaseniece@kpmg.com.
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