Liepājas Autobusu parks

Liepājas Autobusu parks

Business investment in “LAP1R” Ltd.

PAP Company “INPO17” Ltd. has bought 67% of the capital shares of “LAP1R”.

In December 2009, PAP enlarged its investment portfolio with “LAP1R”, obtained through “INPO17”. The investment was made after evaluation of the transport service sector and the mid-term and long-term perspectives of this sector, as well as the history of quotation results at NASDAQ OMX Riga of the target company – Liepājas Autobusu parks.

“LAP1R” owns 59.83% of the shares of “Liepājas Autobusu parks” (LAP). For over half a century LAP has been providing passenger transportation in the Liepāja City and currently it is the biggest enterprise of regular passenger transportation in the Kurzeme Region. LAP considers the punctual execution of the traffic schedule, raising the customer service level, introduction of new technologies thereby improving the safety of transportation processes and the efficiency of the company’s operation among its major business goals.

Other business investments

Multi Capital Holdings
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Port Transport Services
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Ogres piens
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