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Saturday, 20.09.2014, 23:02
Liepajas metalurgs investors are haunted by scandals and lawsuits, the Latvian magazine "Ir" reports, cites LETA/Nozare.lv.
Keyword tags: Baltic States – CIS, Investments, Latvia, Legislation, Markets and Companies, Metals Market
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.
Liepajas metalurgs buyer KVV Group is a Russian, not Ukrainian, company, one of the candidates to buy the company whose bid was rejected, Kirovs Lipmans said in an interview with Latvian State Television today, cites LETA.
Ukraine's KVV Group intends to invest EUR 30 million into Latvian metallurgical company Liepajas metalurgs and resume production already in 2014, the company's owner Valery Krishtal told the business information portal Nozare.lv, cites LETA.
Liepajas 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.
Russian millionaire Igor Shamis and his Luxembourg-based United Group offered to purchase the insolvent Latvian metallurgical company Liepajas metalurgs for EUR 120 million, Shamis himself told members of the press today, informs LETA.
The Latvian government is informed that the buyer of Liepajas metalurgs – the Ukrainian company KVV Group – has been associated with former Ukrainian President Viktor Yanukovych's regime. The company's owner was a member of Yanukovych's Party of Regions, however, he had nothing to do with the money of the Yanukovych regime, Prime Minister Laimdota Straujuma said in an interview with the LNT show "900 sekundes" this morning, informs LETA.
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 on September 9th, cites LETA/Nozare.lv.
It will be impossible for creditors to retrieve the entire amount of money they lent to the now-defunct Liepajas metalurgs, President Andris Berzins told Latvian State Television this morning, informs LETA.
Talks on the sale of the insolvent joint-stock metallurgical company Liepajas metalurgs will continue with two bidders – Luxembourg-based United Group, which belongs to Russian millionaire Igor Shamis, and the Ukrainian company KVV Group, as Liepajas metalurgs insolvency administrator Haralds Velmers told a press conference today.
Two of the remaining four potential buyers for the insolvent metallurgical company Liepajas metalurgs have serious intentions for the Liepaja company; the one bidder – with which talks on the sale of Liepajas metalurgs will be held, will be announced later this week, as Liepajas metalurgs insolvency administrator Haralds Velmers told the Nozare.lv business portal, cites LETA.
Administrator of the defunct Liepajas metalurgs (LM) metallurgical company Haralds Velmers refused to sell LM subsidiary Liepajas osta LM shares to Kirovs Lipmans for EUR 555,000, as Lipmans' offered to buy the company on condition that he could also buy the LM metallurgical plant, Velmers told the business portal Nozare.lv, cites LETA.
Haralds Velmers, insolvency administrator at the defunct metallurgical company Liepajas metalurgs, turned down businessman Kirovs Lipmans' offer to buy a controlling interest in Liepajas osta LM, a subsidiary of Liepajas metalurgs, for EUR 555,000, and instead sold it to another bidder, Konstantin Goncharov, for an amount three-and-a-half times lower – EUR 150,000, the Pietiek.com portal reports.
Businessman Kirovs Lipmans is one of two bidders to buy the defunct joint-stock metallurgical company Liepajas metalurgs that have no longer participate in the negotiations on acquiring Liepajas metalurgs, as Lipmans confirmed to the Nozare.lv business portal, cites LETA.
A total of six investors submitted their binding offers for the defunct Liepajas metalurgs, however, discussions are currently continuing with only four of them, Liepajas metalurgs insolvency administrator Haralds Velmers told the press representatives after the government's meeting on Tuesday, informs LETA/Nozare.lv.