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Monday, 13 August 2012 00:00

Daugava refused to deal with AB holding Featured

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Diversified Company DK Daugava will not unite with businessman holding Bislan Abdulmuslimov's AB Holdings, as potential investors are willing to change the terms of the transaction. This writes LETA referring to the head DK Daugava Aigars Vaivars.

The second party of unforeseen circumstances that AB Holdings wished to change the terms of the transaction. Such departures from the agreement were not acceptable to me. I used the opportunity provided in the contract out of the deal, after which my property is 100% of the company, "- said Vaivars. According Vaivars, parting with Abdulmuslimovym was not hostile, and the owner of DK Daugava continues to consider offers from other investors.

On the sale of 50% Daugava holding Abdusmuslimova was announced on August 2.
Meanwhile, a representative of AB Holdings, the former Interior Minister Eric Ekabsons argues that the deal fell through because of the "tyranny of the Latvian security structures."

Jekabsons told portal Delfi, the deal did not materialize due to the fact that "on the instructions of the Constitution Protection Bureau against several officers of the holding company are held repressive actions, which seriously complicates the work of the enterprise." In this regard leadership AB Holding has decided to temporarily postpone new investment projects.

In the future, holding focus on the legal protection of their members and maintain the good name of the company. In the long term, AB Holding will continue to develop milk production in Latvia, said Jekabsons.

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