Possessor is a state-owned company which ensures professional management of state-owned shares and distressed assets (subsidiaries), as well as disposal and privatisation of assets held by Possessor which are not necessary for the performance of public functions. As of 31 December 2020, the consolidated Possessor assets and state assets under management amounted to nearly €200 million. Possessor is a leading state-owned real estate selling entity and the sole renter of state-owned residential properties Possessor today: √ the major entity governing state-owned shares (incl. Tet un LMT) in Latvia √ the key state-owned entity responsible for restructuring distressed assets √ the only institution carrying out privatisation of state-owned assets fruitful cooperation experience with international investors and advisors in nationally important and sizable projects, including fund-raising √ a long-standing collaboration experience with Latvian municipalities and state institutions √ a reliable and client-oriented company