30 April, Vilnius. Invalda Privatus Kapitalas AB applied to the Competition Council for a permit to increase owned stake of Vilniaus Baldai AB to 86 percent of shares.

28 April, Vilnius. Invalda Privatus Kapitalas AB signed an agreement with Invalda LT AB for acquiring a 45.4 percent stake of Vilniaus Baldai AB shares for a 80.2 million litas. When the acquisition is complete, the Vilniaus Baldai AB owned 40.6 percent stake will be increased to 86 percent of shares. With the next transaction, Invalda Privatus Kapitalas AB sells Invalda LT AB a stake of 45.4 percent Cedus Invest UAB shares, owning 36 percent Litagra UAB group, for 24.1 million litas. The transactions will be complete with the Competition Council's permission to implement the concentration.

 

The person authorized to provide additional information:

Dalius Kaziunas
Director
Tel. +370 618 44 001
Email: dalius@invaldapk.lt