ArtisJP has sold 500 ha of farmland to the Land Fund of Latvia
ArtisJP has sold 500 hectares of agricultural land in the Ventspils region of western Latvia to the Land Fund of Latvia, managed by the Latvian state finance institution Altum.
Established in 1998, ArtisJP owns over 3,000 hectares of farmland in western Latvia. Headquartered in Liepāja, Latvia, the company’s primary business activities include agricultural crop production and the leasing of real estate.
The Land Fund of Latvia, operated by Altum, acquires, preserves and efficiently manages agricultural land to ensure its long-term productivity and availability. Since its inception in 2015, the fund has leased more than 34,000 hectares of farmland to Latvian farmers, contributing significantly to the protection, accessibility and sustainable use of agricultural resources at a national level.
Oaklins’ team in Latvia acted as the exclusive financial advisor to ArtisJP throughout the transaction.
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