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Saturday, 21.10.2017, 13:27
K-1 Liepajas Metalurgs Plant, the new stock company reportedly established to take over Latvia’s insolvent steel company KVV Liepajas Metalurgs, increased its share capital from EUR 35,000 to EUR 7.535 million this week, according to information available at Firmas.lv, cites LETA.
Keyword tags: Baltic States – CIS, Investments, Latvia, Legislation, Markets and Companies, Metals Market
Potential investors in insolvent KVV Liepajas Metalurgs steelworks are from third countries, said Latvian Economics Minister Arvils Aseradens (Unity) in an interview with the Latvia public television, writes LETA.
Talks with the potential buyers of Latvia’s insolvent steel company KVV Liepajas Metalurgs will be completed by the end of August, Dzintars Hmielevskis, a representative of the company’s insolvency administrator, told LETA.
The insolvent joint-stock company KVV Liepajas Metalurgs posted EUR 26.145 million in losses in 2016, while the company's turnover amounted to EUR 14.163 million, writes LETA, according to Firmas.lv.