Riga, 2017-10-18 14:31 CEST (GLOBE NEWSWIRE) -- Having received the most valuable Latvian company award for the tenth time within TOP101 jointly created by Prudentia and Nasdaq Riga, Latvenergo AS has demonstrated significant progress at the Baltic level as well achieving position among three most valuable companies of the Baltic States.
Among the most valuable companies in the Baltic States, the value of Latvenergo is highest compared with other energy sector competitors from Baltics reaching 3rd position of Baltic TOP 101. As far as evaluation at the Latvian level is concerned, the growth of Latvenergo AS this year is 34% compared to the previous year.
TOP101 most valuable companies of Latvia is an initiative, implemented by Prudentia and Nasdaq Riga since 2006. This initiative is based on the desire to encourage public debate on the value of companies in correlation with good corporate governance as one of the factors influencing the value.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv
About Latvenergo
Latvenergo Group is the largest pan-Baltic power supply utility operating in electricity and thermal energy generation and trade, natural gas trade, electricity distribution services and lease of transmission system assets. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and seven subsidiaries - Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.