“Estonian entrepreneur Mait Laidvee (Mait Laidvee) acquires a controlling stake in a Latvian media company”, reports Äripäev.

Concluding the restructuring process of the media group initiated in the spring of this year, from January 2023 the newspaper “Diena” and its associated printed publications will be published by SIA “Izdevniecība ”Dienas bizness””, which has become the user of the relevant trademarks.

Gatis Madžiņš, Editor-in-Chief of the newspaper “Diena” and the publisher “Dienas mediji”, informs that from now on the newspaper “Diena”, the weekly magazine “Dienas Bizness”, the weekly publication “SestDiena”, the monthly magazine “Sporta Avīze” and the publication “KDi” will be published under the auspices of SIA “Izdevniecība “Dienas bizness””. This company will also maintain the portals diena.lv and db.lv moving forward.

From 1 January 2023, Gatis Madžiņš will become the Editor-in-Chief of the publishing house “Dienas bizness”.

We also inform you that SIA “Izdevniecība “Dienas bizness”” has attracted a strategic investor. This has become the well-known Estonian entrepreneur Mait Laidvee (Mait Laidvee), who has acquired 52% of the capital shares of SIA “Izdevniecība “Dienas bizness””. Meanwhile, Gatis Madžiņš has acquired 24% of “Dienas bizness” capital shares, and the previous owner of the publishing house, Edgars Kots, has retained 24% of the capital shares. The details of the transaction are confidential. The transaction will be registered in the Commercial Register of the Enterprise Register in the coming days.