Last update: 22.07.2024 23:10 (GMT+3)
According to the Latvian language business newspaper "Dienas bizness"
of 15.05.03, with the reference to JSC "Latvijas balzams" Chairman of
Management Board Juris Gulbis' comments at the press conference in
Vilnius, the Latvian company has responded to the privatisation offer
regarding 91.95% of shares in a Lithuanian alcoholic beverages producer
"Stumbras". J.Gulbis has stressed that "Latvijas balzams", pursuant to
the privatisation rules, would commit itself to exporting 500
decalitres of alcoholic beverages per year, and would assume investment
obligations of over LTL 20 million (about LVL 3.5 million) over a three
year period.