Latvia: British Steel interested in Liepājas metalurgs’ recovery, not asset purchase

The consortium consisting of British Steel, Greybull Capital and Estonian Baltic Metal Holding is interested in KVV Liepājas metalurgs’ recovery, not the purchase of its assets, says Greybull Capital partner Daniel Goldstein. He refused to go into detail as to why the consortium exited from last year’s KVV Liepājas metalurgs sale process. He did say…

Latvia: British Steels to purchase all of KVV Liepājas metalurgs assets

In a letter sent to KVV Liepājas metalurgs administrator Vita Dika, Privatization Agency’s subsidiary FeLM board member Jānis Rībens and CItadele Bank on 17 April, the consortium, which includes companies like British Steel, Greybull Capital and Estonian company Baltic Metal Holding, affirmed its interest in purchasing all assets of the insolvent company. According to available…

Latvia: Liepājas metalurgs equipment sold for 1.6 million euros

Smart Stahl GmbH (Austria) has confirmed the purchase of the rolling mill from the insolvent KVV Liepājas metalurgs for 1.6 million euros.

The equipment will be handed over to a trade company, created by Smart Stahl.

The deal will be finalized in early May. (Ukrainian metal)

Latvia: winner of KVV Liepājas metalurgs rolling stock auction to be checked

Security Institutions should check the winner of the auction for the sale of KVV Liepājas metalurgs rolling stock equipment – Austrian Smart Stahl GmbH, said Economy Minister Arvils Ašeradens. The minister said the buyer picked for KVV Liepājas metalurgs rolling stock equipment would be checked as soon as they transferred the money, thereby demonstrating readiness…

Latvia: Liepājas metalurgs buyer – owner of Russian Krasniy Octyabr?

Smart Stahl GmbH (Austria) has purchased the movable property of the Liepājas metalurgs rolling shop. But it is believed that Dmitry Gerasimenko, owner of the Volgograd-based Krasniy Octyabr (Russia) could be behind the deal. He is a full owner of the Cyprus-based Segoa Ventures Limited, which owns Smart Stahl, created in April 2017. The sum…

Latvia: KVV Liepājas metalurgs’ potential investor given two weeks to consider purchase

The potential investor of the insolvent KVV Liepājas metalurgs is given two weeks to consider purchasing the company, says Latvian Economy Minister Arvils Ašeradens. He admits that talks with the potential investor are not over; the investor wants to secure the most beneficial conditions in business negotiations. Latvian government is also highly interested in getting…

Latvia: talks with potential KVV Liepājas metalurgs buyers to conclude in August 2017

Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis. Information published in the insolvency registry states that a clarified KVV Liepājas metalurgs property sales plan has been submitted. The company’s insolvency process administrator Guntars Koris has extended the…