Skip to main content

Comment on an article published in Ärileht in connection with the sale of the assets of AS Baltika subsidiaries

Written by Customer Service on . Posted in Public Companies.

Unfortunately, an article has been published in Ärileht which contains false allegations and which may inappropriately affect the reorganization proceedings of AS Baltika and is an advertisement for an auction conducted in the course of the lien conducted by Kawe Invest OÜ. The auction reflected in the article do not concern AS Baltika or the ongoing reorganization proceedings. It is not an asset of AS Baltika. Such a false claim is misleading.The only half-truth in the article is, in essence, that AS Baltika’s subsidiary OÜ Baltman has a rental debt and Kawe exercised the landlord’s right of lien. However, this indebtedness arose during the COVID-19 pandemic and the state of emergency, when all companies, especially those involved in retail, were faced with difficult choices. To alleviate the situation, Baltman asked Kawe to find the solutions for the unpaid invoices, but Kawe refused any of the solutions offered by Baltman. As a result, Kawe has decided to auction Baltman products with a starting price of zero euros and an actual retail price of 550,000 euros.
The reorganization procedure covers only AS Baltika and does not involve other companies of the AS Baltika Group.
Flavio PeriniMember of Management BoardFlavio.perini@baltikagroup.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.