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Baltic Latvia Monitoring

German company acquires hotel in Latvia

German company Leipold + Co GmBH has acquired 100% of shares in AN Projekts company that runs Liva hotel in Latvia’s southwestern Liepaja city.

AN Projekts so far belonged to ALPS Investments (29.68%), BBR (29.68%), MM Investicijas (29.68%), VLA Projekts (9.92%) and Andris Denisovs (1.05%).

AN Projekts in 2016 generated EUR 931,460 in sales and earned EUR 149,791 in profit. The company was registered in 2011, and its paid share capital is EUR 2,844.

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