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No takers for Latvian shipping company

Jul 01, 1999
Anastasia Styopina

RIGA – Failure to find a strategic investor for the Latvian Shipping Company may put off the company's privatization until the end of the year.According to the government-approved privatization plan, investors willing to buy the Latvian Shipping Company's shares were to submit their bids by June 15.By the deadline the LPA received confirmation from two international companies, but the next day it was announced that their bids were invalid. The LPA said Tufton Oceanic Investments and Eastwind Mar ...

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