Subsidiary of Hepsor AS to Acquire 50% of Latvian Residential Property Project of 116 Apartments

Subject to an option agreement signed in 2021 Hepsor Latvia OÜ exercised an option to acquire 50% of Kvarta Holding OÜ. Kvarta Holding OÜ owns 100% of Kvarta SIA, which is developing a 116-apartment residential property at Gregora 2a, Riga.