The Riga City Council’s Finance and Administration Affairs Committee will on Thursday decide on terminating the operations of SIA Rīgas karte, the municipality reports.
The committee will vote on granting SIA Rīgas satiksme permission to purchase the 49% of company shares owned by Rīgas karte’s co-owner for a symbolic amount — one euro — as well as instruct Rīgas satiksme to withdraw from the company by initiating its liquidation. On Friday, the 5th of December, an extraordinary council meeting will be convened to vote on the matter.
The draft decision was prepared after Rīgas satiksme received an offer to exercise its pre-emptive rights and buy the 49% shareholding owned by the company’s foreign co-owner for one euro.
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