June 29 marked the end of three auctions for the sale of real estate properties owned by insolvent KVV Liepajas metalurgs.
On May 30 the company’s administrator Vita Dika announced three auctions. The total value of auctioned properties reached EUR 262,000. Auction prices were not applied with VAT. The enforcer was Citadele Bank and other KVV Liepajas metalurgs creditors.
The real estate properties in question were previously offered at an auction that concluded on April 20. However, no one had applied for those properties. The price of those properties was set on the same level as it was at the previous auction.
The three auctions included KVV Liepajas metalurgs’ owned property located on Brivibas Street 142B in Liepaja (starting price was set at EUR 57,000), KVV Liepajas metalurgs owned property located on Brivibas Street 99A in Liepaja (EUR 38,000), as well as KVV Liepajas metalurgs owned property located on Brivibas Street 98 in Liepaja (EUR 167,000).
Austrian Smart Stahl GmbH won in the auction of KVV Liepajas metalurgs rolling mill equipment on March 20. The offered price was EUR 1.57 million (no VAT) or EUR 1.9 million (with VAT). The Austrian company has transferred the funds and the auction has been declared complete.
The March 28 auction for the sale of KVV Liepajas metalurgs electric iron smelting workshop and movable properties in it was declared failed because there were no contenders. The initial price was set at EUR 5.35 million.
Privatization Agency’s subsidiary SIA FeLM plans to sell KVV Liepajas metalurgs electric iron smelting workshop at a public auction. FeLM informed KVV Liepājas metalurgs’ insolvency administrator about the plan to keep the aforementioned property in its ownership after the auction was declared failed.
On April 20 eight out of eleven properties offered for auction were successfully sold. The price paid for them was EUR 1.77 million.
KVV Liepajas metalurgs was declared insolvent in September 2016. (BNN/Ukrainian metal)
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