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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 10:43

Krishtal: KVV Group is a Ukrainian company

BC, Riga, 15.09.2014.Print version
The buyer of insolvent Latvian metallurgical company Liepajas metalurgs – KVV Group, is a Ukrainian holding company, thus the company kindly asks failed bidder Kirovs Lipmans and others not to come out with strange speculations, especially in wake of the situation in eastern Ukraine, the company's owner Valery Krishtal told the business information portal Nozare.lv, cites LETA.

Krishtal emphasized that expressing contrary information is a deliberate attempt to mislead the Latvian public.

 

He informed that the KVV Group is registered in the Ukrainian capital Kiev and operates throughout the country. He added that the company pays taxes in Ukraine and employs over 2,000 Ukrainians in various regions of the country, including regions currently hit by military conflict.

 

''We support peace and stabilization of the situation in Ukraine, and as a business also support Ukraine's path towards the EU. Thus, we urge people not to speculate with facts about the company's 14-year history, as no one has the right to doubt our patriotism and loyalty to Ukraine,'' Krishtal emphasized.

 

As reported, in an interview with Latvian State Television yesterday, one of the candidates to buy the company but whose bid was rejected, Kirovs Lipmans, said that Liepajas metalurgs buyer KVV Group is a Russian, not a Ukrainian company.

 

Lipmans urged the media "not to fool people" as the buyer is not a Ukrainian but Russian company, because "Crimea is already part of Russia."

 

Lipmans said that he has "controversial information" about KVV Group leaders, however, he refused to reveal more details. According to Lipmans, KVV Group has never dealt with metallurgy. The company operates only in the scrap metal business, "which is something completely different." Lipmans also said that he does not believe in KVV Group promises to invest in Liepajas metalurgs to restore the company to its former glory, but "may God help them succeed."

 

Lipmans also complained that the company's sale process was non-transparent.


LETA also reported, KVV Group intends to invest EUR 30 million into Liepajas metalurgs and resume production already this year, Krishtal said earlier.


It is planned that Liepajas metalurgs will manufacture metal products for KVV Group, as well as for export.






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