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On July 23, Lipmans turned to Velmers offering to buy Liepajas osta LM assets, indicating that he was planning to renew operations at not only Liepajas metalurgs but also at Liepajas osta LM, an integral part of the steel business logistics in Liepaja.

However, Velmers concluded that Lipmans was planning to buy Liepajas osta LM shares separately from the melting facility of Liepajas metalurgs. He also took into consideration consultant Prudentia Advisers recommendation not to include Lipmans in further negotiations on the sale of the Liepajas metalurgs melting facility, and Lipmans' bid, worth EUR 555,000, was turned down.

In the end, Liepajas osta LM controlling interest was sold to "bidder Konstantin Goncharov" for EUR 150,000.

As reported, an official statement about the sale of shares of Liepajas osta LM was printed in the government's official newspaper Latvijas Vestnesis on June 20.

7,875,804 of Liepajas osta LM shares – 95.16339% of the company's share capital – were to be sold, the nominal value was EUR 1.40 per share.

Liepajas osta LM is the largest stevedoring company in Liepaja. The company's turnover decreased significantly last year, by 45%, after its parent company Liepajas metalurgs was ruled insolvent.