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Preliminary contract between Liepajas metalurgs and KVV Group signed
BC, Riga, 11.09.2014.
Print version
Print versionLiepajas metalurgs insolvency administrator Haralds Velmers has signed a preliminary agreement with the Ukrainian company KVV Group on the acquisition of Liepajas metalurgs, Velmers informed the business portal Nozare.lv, cites LETA.
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A press conference will be held at
"Gutenbergs" Hotel at 1 p.m. today featuring the owner of KVV Group Valery Krishtal.
As reported, since the end of
August, Liepajas metalurgs continued
negotiations with two final bidders – KVV
Group and Luxembourg-based United
Group. According to Velmers, the negotiations concerned the legal aspects
of the deal, payment schedules, and the amount of the down payment. In choosing
the buyer, the final amount and payment schedules were taken into account.
KVV Group
has offered EUR 107 million, and Liepajas
metalurgs must restore the production process already this year,"
Velmers said. The main agreement will be signed between September 23 and 26.
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