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Tuesday 25.04.2017 | Name days: Līksma, Bārbala
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KVV Liepājas metalurgs’ immovable assets to be sold on an auction next week

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn 9 May, the auction to sell off multiple immovable assets owned by KVV Liepājas metalurgs will begin, as reported by Kurzeme Regional District Bailiff Ivetta Kalugina’s official announcement in Latvian Herald.

The initial price of the company’s offered immovable assets is set at EUR 2.156 million. The day for the auction’s beginning is 9 May. The auction will conclude on 8 June.

The auction will sell assets located on Brivibas Street 94C in Liepaja. The asset consists of a piece of land with an area of 362,173 m2 and 20 structures located on the territory. The initial price of this asset is EUR 713,000.

It is also planned to sell asset on Brivibas Street 92C. This asset consists of a piece of land of 108,234 m2 and 17 structures located on its territory. The initial price is EUR 550,000.

The auction will also offer property located on Brivibas Street 142A. This property consists of a piece of land of 24,029 m2 and three structures located on its territory. The initial price is EUR 381,900.

KVV Liepājas metalurgs’ owned property located on Brivibas Street 94D, which consists of two pieces of land with a total area of 20,825 m2 and five structures located on its territory, will also be sold on the auction for an initial price of EUR 55,100.

The State Treasury and Privatization Agency’s subsidiary FeLM signed an asset agreement on the state claim against KVV Liepājas metalurgs.

The agreement was signed in accordance with the Cabinet of Ministers’ decision that allowed the founding of an association by the Privatization Agency to manage the realization of the claim against KVV Liepājas metalurgs.

On 22 March, the Cabinet of Ministers allowed the Privatization Agency to found an association to specifically address the matter regarding the State Treasury’s claim against KVV Liepājas metalurgs.

The agreement states that FeLM will gradually ensure the recovery of state funds by restructuring the state claim and evaluate the necessity to restructure the company’s basic function.

Privatization Agency has to offer a solution to the situation with the state loan provided to KVV Liepājas metalurgs and its recovery in the near future.

Ref: 102.109.109.7982


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