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Maltese-owned company was biggest to be registered in Latvia last year

Date: 13/01/2014

Mariner, a Maltese-owned business which operates and invests in ports, set up the largest company to be registered in Latvia last year, according to the country’s main news agency Leta News.
The company, Mariner Finance Baltic, has a share capital of €40 million and is fully owned by Maltese company Mariner Capital Limited, whose shareholders are Marin Hili, Edward Hili and Michela Borg.
Mariner Finance Baltic (MFB) was registered as a new subsidiary to hold Mariner’s investment in Baltic Container Terminal (BCT), which was set up in 1996, in February last year. MFB is now the sole owner of BCT.
The Maltese acquired fully shareholding interest in BCT in 1999 following its minority acquisition in 1996. Since then BCT has grown to become the largest and fastest-growing container handling facility in the Baltic States.
The terminal is located within the Latvian city of Riga which is the largest city in the Baltic region and is central to trade into and out of the Baltic States, the Russian hinterland and northern Europe.
Source: Times of Malta

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