Court decision regarding opening the restructuring proceedings of AUGA group, AB entered into force
21 January 2025 - 2:17AM
UK Regulatory
Court decision regarding opening the restructuring proceedings of
AUGA group, AB entered into force
As previously announced, on 6th
January 2025, the Vilnius Regional Court has made decision to open
restructuring proceedings of AUGA group, AB, legal entity code
126264360 (hereinafter referred to as the "Company"). The
Court’s decision has entered into force on 17th January
2025, which means that as of 17th January 2025, the
Company has acquired a special status of "under restructuring" and
the corresponding process of AUGA group, AB will be implemented in
accordance with the provisions of the Law on Insolvency of Legal
Entities of the Republic of Lithuania.
"Step by step, we are addressing the situation,
and this court decision will positively contribute to the smooth
implementation of our commitments to all our creditors. To this
day, we have actively made and continue to make every effort to
seek efficiency opportunities in business segments, refining the
future operational plan to restore long-term solvency as quickly as
possible and ensure the viability of the group," says Kęstutis
Juščius, Chair of the Board of AUGA group.
Private limited company „Valnetas“ (legal entity
code 135778275, Serial No N-JA0026, tel. No. +370 698 25211, E-mail
info@valnetas.lt, registered office address Kęstučio g. 58-3,
Kaunas) has been appointed as the restructuring administrator of
the Company.
Contacts:
CEO of AUGA group, AB
Elina Chodzkaitė-Barauskienė
+370 5 233 5340
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