The immovable and movable property and the trade mark of the insolvent Latvian ice cream maker Druva Food has been purchased by Tervete Food company for nearly EUR 1 million, said the company’s insolvency administrator, Daina Zake, reports LETA.
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She said
that Tervete Food had bought Druva Food‘s assets at the auction for
EUR 998,203. If the court approved the outcome of the auction, Tervete Food paid the full amount and
other legal requirements were fulfilled, Tervete
Food will become the rightful owner of all Druva Food‘s assets.
Zake
presumed that Tervete Food intended
to resume ice cream production at the Druva
Food‘s plant. “They can dispose of the assets at their discretion but
I have no information that they inte…
Read the full article at: http://www.baltic-course.com/eng/markets_and_companies/?doc=138426
