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Friday, 29.03.2024, 13:14
KVV Group plans to resume Liepajas metalurgs production in 2014
It is planned that Liepajas metalurgs will manufacture
metal products for KVV Group, as well
as for export.
Krishtal explained that the purchase
of Liepajas metalurgs will allow the
company to ensure its long-term strategy of producing everything from
raw-materials to finished products.
As reported, The Ukrainian company KVV Group has won the Liepajas metalurgs tender and the right
to acquire the metallurgical plant, as Liepajas
metalurgs insolvency administrator Haralds
Velmers told the press yesterday.
KVV Group
has offered EUR 107 million, and Liepajas
metalurgs must restore the production process already this year,"
Velmers said.
Since the end of August, Liepajas metalurgs continued
negotiations with two final bidders – KVV
Group and Luxembourg-based United
Group, which belongs to Russian millionaire Igor Shamis. 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.