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Friday, 29.08.2014, 12:58
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.
Keyword tags: Baltic States – CIS, Financial Services, Investments, Latvia, Legislation, Markets and Companies, Metals Market
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.
A total of six prospective investors have submitted their bids for buying the insolvent metallurgical company Liepajas metalurgs, informs LETA.
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.