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Controlling stake in Latvijas Piens dairy plant draws strong interest from potential buyers

BC, Riga, 09.02.2016.Print version
Interest in the 53.6% stake in Latvijas Piens, a Jelgava-based dairy plant which its owner Trikata KS has put up for sale, is fairly strong at the moment, unofficial information obtained by LETA suggests.

There are also foreigners among the potential buyers inquiring about the Latvian dairy company which is preparing the requested information about its financial state.

 

Rudite Klikuca, the insolvency administrator of Trikata KS dairy cooperative, told LETA that the call for bids has attracted pretty strong interest from potential buyers.

 

"The potential buyers are represented by their trustees with whom we have concluded a confidentiality agreement, so I cannot reveal their number, but there are certainly more than one of them. They request information about the plant's operations and financial state in order to learn as much about the potential deal as they can," the administrator said.

 

Insolvent dairy cooperative Trikata KS has put up its 53.66403% stake in Latvijas Piens dairy plant up for sale.

 

A call for bids has been announced for the Latvijas Piens shares, the nominal value of which is EUR 2,740,300.

 

The deadline for bids is February 15, 2015.

 

As reported, one of the dairy plant's shareholders, grain cooperative Latraps, has already expressed readiness to acquire Trikata KS shares. Latraps head Edgars Ruza told LETA earlier that the offer is still valid but did not name the price.

 

Trikata KS owes money to dozens of farms in various regions of Latvia, with the debt amounts ranging from EUR 7,000 to up to EUR 100,000.






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