AB “Grigeo” transferred the tissue paper business to its subsidiary
30 April 2024 - 6:52PM
UK Regulatory
AB “Grigeo” transferred the tissue paper business to its subsidiary
AB “Grigeo” (the official name is currently
being changed to AB “Grigeo Group”, hereinafter – the
Company) has implemented previously announced structural
changes of Grigeo group of companies. On 30 April 2024 the Company
has transferred the tissue paper business to 100% owned subsidiary
UAB “Grigeo Tissue”, legal entity code 306639125, address Vilniaus
g. 10, Grigiškės, Vilnius City Municipality, the Republic of
Lithuania, data about the company is collected and stored with the
Register of Legal Entities of the Republic of Lithuania
(hereinafter – Grigeo Tissue).
The transfer of tissue paper business to Grigeo
Tissue is implemented by increasing its authorised capital and
paying for the entire newly issued shares by the Company’s
contribution in-kind i.e. the tissue paper business, as a complex
of assets, rights and obligations that from an organisational point
of view is an autonomous economic unit, in exchange for newly
issued ordinary shares of Grigeo Tissue.
The Company will acquire newly issued shares of
Grigeo Tissue in exchange for transferred tissue paper business
after the Articles of Association of Grigeo Tissue will be
registered with the Register of Legal Entities of the Republic of
Lithuania due to the increase of authorized capital.
Tomas Jozonis
Chief Executive Officer of Grigeo AB
+370 5 243 58 01
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