The retail trade chain "Narvesen" is planning to make reorganization of its legal status and unite into one company LTD "Narvesen Baltija" and JSC "Preses apvienība" until next April.
After the merging process the company will continue provision of its retail trade services in Latvia under a single legal name - LTD "Narvesen Baltija".
This decision was adopted to facilitate the company`s activity and its organizational structure.
Merging of LTD "Narvesen" structural units will mean a merger of the parent company and the subsidiary company, in the result of which "Narvesen Baltija" will take over all liabilities of "Preses apvienības". In its turn JSC "Preses apvienība" will stop exist as a separate legal entity. Nothing will change in the relations between "Narvesen" and its partners – all previous contracts shall remain valid.
"Narvesen" is a press, fast food and service retail trade franchising chain working in Latvian since 1997. Currently there are 245 “Narvesen” trading places throughout Latvia.
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