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AUGA group M&A Activity 2018

Feb 26, 2018

2259_iss_2018-02-26_d685ebb7-18c0-4f18-ae37-9bd2de244147.html

M&A Activity

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Disclosure 358813

AUGA group - Notification on material event

AUGA group, AB has successfully completed acquisition of UAB Raseinių agra shares

AUGA group, AB completed the purchase of 100% share of UAB Raseinių agra for EUR 2.4 million.

Share sale and purchase agreement was signed on 10 November 2017, as per released notification on material event.

UAB Raseinių agra was established in October 2017 as a result of spin-off procedure from UAB Agra Corporation, shareholders of which decided to withdraw from agricultural business and to focus in the area of investment property management.

“This acquisition will enable us to increase the volume of organic production for end consumers in the future. By 2019, we plan to finalize the organic certification of all the land rented by Raseinių agra,” says Linas Bulzgys, CEO of AUGA group, AB.

General Manager

Linas Bulzgys

+370 5 233 5340