Mar 09, 2009. /Lesprom Network/. The owners of A/S Baltic Pulp, Metsä Botnia and the Lativan state, have decided to liquidate the joint venture company, as the Botnia informed Lesprom Network. The joint stock company AS Baltic Pulp was established in 2000 by Metsä Botnia, which owns 67% of the shares, and the Lativan state (33%) to investigate opportunities to build a pulp mill in Latvia. Botnia announced already in November 2006 its proposal to the Latvian government that the suspended pulp mill project should be discontinued. The concept of the pulp mill was in the changed circumstances no longer competitive. The shareholders have come to the conclusion that the implementation of the project is not feasible and made on March 6, 2009 the decision to liquidate the joint venture company.