Workout plan on Liepajas metalurgs outlined

  • 2013-08-07
  • From wire report
RIGA - The revised legal protection plan for the Latvian metallurgical company Liepajas metalurgs deals with debt capitalization opportunities, separating several production facilities from the company, selling shares in Liepajas metalurgs’ subsidiaries, and layoffs, reports LETA.A joint meeting of Liepajas metalurgs council and board, which began on Friday, concluded on Aug. 5. The meeting was also attended by a Prudentia Advisor representative. The company’s council chairman Guntis Vilnitis said the meeting considered ways to harmonize Liepajas metalurgs’ legal p...
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