VILNIUS - The summer-long privatization process for Lithuania's Vakaru Laivu Remontas (VLR), a ship repair company, has featured more twists and turns than a dance marathon. Just when it seemed the government might begin the competition anew as a result of what it called unacceptable bids, the privatization of VLR suddenly appears to be coming to a close.A consortium that comprises Azovlitas, a Lithuanian-Ukrainian joint venture, and Norway's Frydendo Holding has emerged as the winner. The apparent winner the first time around, the Latvian shipyard Rigas Kugu Bevetava (RKB) is out in the co...
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