SEO Tools comparison and reviews
RIGA - A Danish investor is swindling money out of, and steering Plus punkts kiosks into bankruptcy; therefore the company is already preparing documents to file for insolvency, said Plus punkts board member Tatjana Takcidi, reports Nozare.lv.
In December 2012, Plus punkts owner Ibofa Establishment signed a contract on selling 100 percent of Plus punkts shares to a Danish investor, represented by Lars Lundgaard-Simonsen. To ensure the transaction, Lundgaard-Simonsen attracted funds from SEB bank. The transaction amounted to 6.5 million euros.
Nevertheless, the investor did not fulfill his contractual obligations. Therefore Ibofa Establishment halted the transaction and restored control over Plus punkts shares. However, when Ibofa Establishment regained control of Plus punkts shares, the company revealed that Plus punkts Holding Ltd., represented by Lundgaard-Simonsen, was unable to pay for the transaction during an extended period of time, explained Takcidi.