By its resolution delivered today, the Higher Court in Ljubljana finally confirmed the compulsory settlement of LIVAR and finalized the procedure.
By carrying out the creditor’s compulsory settlement procedure, LIVAR has successfully completed its financial restructuring process. On December 7, 2021, Higher Court in Ljubljana rejected the last appeal of one of the creditors against the resolution on the confirmation of the compulsory settlement, thereby concluding the procedure. In the procedure, LIVAR has achieved financial stability and at the same time had new ownership established. New shareholders of LIVAR have become individual creditors who transferred their claims to the company’s capital and took over the new shares. Financial creditors from AnaCap Financial Partners group thereby became the new majority shareholders.
We would like to express our sincerest appreciation to our business partners, who have shown LIVAR their support and trust during the procedure. We are pleased to continue with our successful foundry story, which we carry forward with the quality of our products, as well as effective and stable business management. Despite the challenging market conditions in which we are facing enormous raw materials and energy price growth, LIVAR will nevertheless complete the financial year 2021 with success and is expected to significantly exceed the set goals.