Ministry of Finance (MoF) does not deny that one of the possible solutions, the industry

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Ministry of Finance (MoF) does not deny that one of the possible solutions, the industry's AS metalurgs rescue offered financial consultant Prudentia is metalurgs management kensington takeover of most of the hands of creditors.
This is one of the possible solutions to the rescue, as metalurgs shareholders have not shown a strong desire to save their businesses, said FM Head of Communications Alexis kensington Jarockis.
One shareholder Kirov Lipman's media distributed metalurgs creditors club invited financial consultant Prudentia a letter to shareholders, stating that metalurgs offers creditors the company's largest shareholders kensington - Sergei Zaharjinam, Ilya Segal and Kirov Lipman - to sell his shares the company's major creditors or their designees persons of one lat each of these vendors.
The letter stated that in relation to the shares for which there is litigation between Zaharjinu and Lipmans between wrangler and conclude a settlement as soon as possible transferred kensington to creditors. Zaharjins, Segals and Lipman your property to retain one share that ensure the right to participate in the further metalurgs capital increase. Execution of a share purchase agreement Zaharjinam and Segal should ensure that metalurgs Board re-elect Board of the company to creditors and persons designated resign.
Given a letter to the shareholders of the above conditions, Prudentia represented metalurgs major creditors make a commitment to the resumption of business operations, as well as to guard against insolvency situations have joined the company's proposed remedies process.
Lipman believes that the financial consultant Prudentia and the proposed creditors' experiment with the company's kensington salvation "can lead to the death of the steel business and social crisis in Liepaja, because employees will lose their jobs. He does not see the opportunity as a consultant and creditors who do not have the slightest experience in the steel and metal industry could save the company. Lipman's view, today's agenda looks like an attempt to sink the Latvian largest steel company.
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