Company briefs - 2004-11-10

  • 2004-11-10
Cido Partikas Grupa, the largest soft drink and canned product producer in Latvia, has fully replaced its management after The Danish Brewery Group took over the company. The new owner replaced all board members from the Latvian party with DBG representatives. The company also registered a change in ownership - DBG holding 85 percent of shares, Andrejs Ceplitis 10 percent, and Galina Jevsejeva 5 percent. A legal proceeding prevented DBG from the full acquisition of the shares. DBG is the second largest brewery in Scandinavia, comprising four plants.

The Riga Port board is considering offers for ferries that may start trafficking cars and trucks across the Daugava River. Riga City Mayor and Riga Port Chairman Gundars Bojars said that the company had received offers for buying Swiss-made ferries, although a quick price-bid search should be made. He added that ferries could start transporting vehicles by next spring. Two ferries are initially planned for the job, and a tender is on to choose the operator.

Minister of Economy and Communications Andrus Ansip is to appoint Meelis Atonen, his ministerial predecessor, as Eesti Raudtee's (Estonian Railway's) state representative. Ansip said Atonen was a competent individual who was able to stand up for the interests of the state. "First and foremost Atonen must see that the investment obligations assumed under the privatization agreement of Eesti Raudtee are properly met," Ansip said. Atonen replaces Andrus Kuusmann, who resigned in October.