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Riga Container Terminal LLC Increases Its Share Capital to 220,000 Lats

Riga Commercial Port LLC (RTO) corporate group’s company Riga Container Terminal LLC is raising its share capital to 220,000 lats.

The share capital increase from 2,000 to 220,000 lats is related to the company’s further development plans.

“The share capital of Riga Container Terminal LLC has been raised to improve its container cargo handling solutions between European countries, Russia and Central Asia. As a result of the share capital increase, the company has expanded its equipment base by obtaining a new Terberg RT223 port tractor and a Linde C45/31 TL container reach stacker,” says Mr Raivis Veckāgans, Chairman of the Board.

RTO is the leading investor, developer and operator of port assets and transport service сompanies in the Republic of Latvia.

There are four business units in the corporate group of RTO providing various services which include terminal operations, rail freight haulage and forwarding, infrastructure and utility management in the territory of Rīga port.

In 2010, the RTO group of companies handled a cumulative cargo throughput of 22.6 million tons.