Legislation, Metals Market

The shareholders also added two annexes to the agreement.

Liepajas metalurgs representative Sintija Radionova informed LETA that these annexes were added to ensure equal rights and opportunities for all three Liepajas metalurgs largest shareholders, including Kirovs Lipmans. Zaharjins and Segals also want the agreement to be in line with other agreements reached in the final version of Liepajas metalurgs legal protection plan, said Radionova, reminding that the company's legal protection plan has been harmonized with all creditors.

According to Radionova, creditors' financial consulting company Prudentia Advisers has also been informed about Zaharjins and Segals readiness to hand over their shares for one lat.

Liepajas metalurgs Council Chairman Guntis Vilnitis confirmed to LETA that he has received information about Zaharjins and Segals signing Prudentia Advisers agreement on handing over their shares in the company to the state.