LDZ privatisation promoted by false valuation?
Board members of the Latvian railways (LDZ) have sent an application to the law enforcement authorities with the request to evaluate possible activities of the Latvian minister of transport.
The management believes that the value of the company is being deliberately reduced with the purpose of achieving its privatisation. Thanks to focused work and measures to increase efficiency, LDZ says that its financial operations have remained stable.
Already in 2018, LDZ showed the best performance within the last three years. The trend has continued in Q1 2019 in separate freight segments (chemical cargo +30.3%, timber +48%, coal +46.2%). The total volume of freight transported during Q1 2019 was 11.6 million t. (ben)