AB „Grigeo Group“ plans to take over the management of UAB „Grigeo Recycling“
20 June 2024 - 4:45PM
UK Regulatory
AB „Grigeo Group“ plans to take over the management of UAB „Grigeo
Recycling“
On 19th June 2024, the Board of AB
„Grigeo Group” adopted a decision to acquire 50 percent of UAB
„Grigeo Recycling” shares from UAB „Grigeo Paper Packaging”. Up to
now, UAB „Grigeo Recycling” shareholders with a 50 percent
shareholding each were AB „Grigeo Group” and UAB „Grigeo Paper
Packaging”. Following the signing of the securities (share) sale
and purchase agreement, AB „Grigeo Group” will be sole shareholder
of UAB „Grigeo Recycling”.
This planned share purchase transaction is one
of the steps towards ensuring a more efficient management of the
activities of the companies owned by AB „Grigeo Group”. Securities
(share) sale and purchase agreement will be signed in the
coming days, the Company will not inform about their signing in a
separate material event notice.
Tomas Jozonis
Chief Executive Officer
+370 5 243 5801
Grigeo Ab (LSE:0IXQ)
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