Energy commodities trader and convenience store network AS VIRŠI-A (hereinafter Virši) has made an additional investment in the share capital of SIA "Livland Biomethane", increasing its stake from 20% to 49%.
This step is part of the company's strategy to gradually increase its stake to 51%, thereby strengthening its position in the biomethane production sector.
"The construction of a biomethane plant is the next strategic step in Virši's development, further strengthening and diversifying our business model. We believe that at the European level, biomethane will play a critical role in the future in making the transport and manufacturing industries more sustainable. This, in turn, will ensure strong demand and profitability for this product in the coming years," emphasizes Virši’s Chairman of the Management Board, Jānis Vība.
With this investment, Virši continues to develop sustainable energy solutions and promote the use of green energy in Latvia and Europe.
The shares of AS VIRŠI-A are admitted to trading on Nasdaq Baltic First North Market.
The certified adviser for AS VIRŠI-A is the Law Office Eversheds Sutherland Bitāns.
Virši is a rapidly growing local energy commodities trader and convenience store network with 30 years of experience. Currently, Virši has 85 sales points, 82 of which are service stations, and employs more than 900 people across Latvia. Since 11 November 2021, the shares of AS VIRŠI-A have been listed on the Nasdaq Riga First North Alternative Market.