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Ceturtdiena 22.03.2018 | Name days: Tamāra, Dziedra

Key food and real estate companies threatened by corporate raid, Nordic Partners group says

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUA group of leading food processing and real estate companies that operate in Latvia as part of the Nordic Partners Limited Group are facing possible corporate raid, says a spokesperson for the group.

Nordic Partners Limited Group comprises 26 companies in Latvia that operate in sectors of food manufacturing, real estate development and management. The group is also said to be the largest owner of industrial parks in Latvia.

The company’s public relations consultant Maija Dulle-Sūniņa said that the group, which, among others, comprises confectionary manufacturers Laima and Staburadze and fruit juice-producer Gutta, is being targeted by an alleged corporate raid with the possible aim of «extorting money and seizing assets belonging to Nordic Partners Group».

According to Dulle-Sūniņa, the raid consists of judicial proceedings brought against the group, a reputation-damaging in campaign in media, as well as «threats against employees and stakeholders of the company».

Nordic Partners Limited suspect lawyer Mārcis Miķelsons, the former legal adviser to the company, to be behind the alleged corporate raid.

With regard to the alleged corporate raid, police has carried out searches at the premises of Mārcis Miķelsons and three of his associates. Investigation of «a break-in that took place at the office of Nordic Partners in August» and criminal proceedings against Miķelsons are also taking place, representative of the company said.


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  1. MBI says:

    Glad to see this important story covered here at the Baltic News Network.

    Thank you very much!

    These kinds of ”Mafia” intimidation and extortion techniques cannot be tolerated in a free, democratic and open society.

    This will increase the trust in the integrity of the Latvian legal system, and thus boost investor confidence, which will in turn lead to economic growth and more employment and prosperity for the Latvian People.

    Thank you very much to the Latvian Authorities for taking this case seriously and acting swiftly and decisively.

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