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Wednesday, 20.08.2014, 09:48
A total of six prospective investors have submitted their bids for buying the insolvent metallurgical company Liepajas metalurgs, informs LETA.
Keyword tags: Financial Services, Good for Business, Latvia, Markets and Companies, Metals Market
In an interview on Rietumu radio today, Liepaja Mayor Uldis Sesks said that active talks are currently taking place with potential buyers for the financially troubled metallurgical company Liepajas metalurgs, and that ''five, six investors are showing serious interest'', writes LETA.
A majority of former employees of the now defunct metallurgical company Liepajas metalurgs remain unemployed, the director of the State Employment Agency Inese Kalvane told the LNT television channel this morning, informs LETA.
Estonian Silmet Group earned 4.2 million euros in profits in 2013, writes LETA/Postimees Online.
An official statement about the sale of shares of Liepajas osta LM, a subsidiary of the defunct metallurgical company Liepajas metalurgs, was printed in the government's official newspaper Latvijas Vestnesis today, cites LETA/Nozare.lv.
The defunct metallurgical giant Liepajas metalurgs has received ten non-binding offers from its potential investors, as the company's insolvency administrator, Haralds Velmers, informed the business portal Nozare.lv, cites LETA.
Today is the final date when Liepajas metalurgs' potential investors can submit their offers, informs LETA/Nozare.lv.
The subsidiary company Liepajas osta LM, which is owned by the now-defunct Liepajas metalurgs, in 2013 suffered losses in the amount of EUR 5,198,408, according to information provided by Firmas.lv, cites LETA/Nozare.lv.
On June 6th, the testing process of Liepajas metalurgs production equipment was successfully concluded. After several years of work stoppage and the winter period, the electric steel melting furnace and rolling-mill were activated in order to test their functionality, informs LETA/Nozare.lv.
Creditors' claims against the defunct Liepajas metalurgs have amounted to EUR 200.163 million, the company's insolvency administrator Haralds Velmers informed the business portal Nozare.lv, reports LETA.
Liepaja Court yesterday launched legal protection proceedings for Liepaja Special Economic Zone company Liepajas osta LM, informs LETA/Nozare.lv.
The bankruptcy of the joint-stock metallurgical company Liepajas metalurgs is the greatest economic disaster to strike Latvia since the collapse of Parex Bank, Lato Lapsa, representative of the publishing house "Baltic Screen" and the co-author of a book about the company and its demise, said during a presentation of the book yesterday, reports LETA.
Joint-stock steelworks company Severstallat increased turnover by 16 percent last year to EUR 198.37 million, informs LETA/Nozare.lv, referring to Firmas.lv.
Haralds Velmers, insolvency administrator for the joint-stock metallurgical company Liepajas metalurgs, has notified the company's creditors about alterations in the company's sale strategy, according to which the company Liepajas osta LM (Liepaja Port LM) will not be sold at auction, reports LETA/Nozare.lv.
It is possible that joint-stock company Liepajas osta LM, a subsidiary of the insolvent metallurgical company Liepajas metalurgs, could request a legal protection process to be started so the company could sort out its financial problems, as Liepajas metalurgs insolvency administrator Haralds Velmers told the Nozare.lv business portal, informs LETA.