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RIGA, Oct. 4 (Xinhua) — The Latvian government is expected to
name the new investor of ailing steel company KVV Liepajas
Metalurgs by the end of October, Vladimirs Loginovs, chairman of
the Latvian Privatization Agency, said on public radio
Wednesday.
Citing unconfirmed reports, LETA news agency informed earlier
that the steelworks in Latvia’s southwestern city of Liepaja might
be sold off to Igor Shamis, a millionaire from Russia, whose United
Group sought to acquire Liepajas Metalurgs already in 2014 but was
outbid by Ukraine’s KVV Group.
Last week, Shamis registered a new company in Latvia, apparently
for the acquisition deal.
The head of the privatization agency indicated, howev…
Read the full article at: http://news.xinhuanet.com/english/2017-10/05/c_136659059.htm