Legislation, Lithuania, Markets and Companies, Mergers and take-overs
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Saturday, 20.04.2024, 01:39
Balzekas buys main business of Lithuania's magazine publisher Zurnalu Leidybos Grupe
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Dutch-registered Stichting
Administratiekantoor Kemplake has owned ZLG
since 2013.
Balzekas told BNS that he
expected to close the deal, the value of which is not being disclosed, by the
end of September.
Media Bites will also purchase a 40% stake in Medipresa,
ZLG's periodicals and books
distribution subsidiary. ZLG
continues to control Vertikali Medija,
the operator of the car classifieds site Autogidas
and the real estate classifieds site Domo
Plius.
ZLG publishes the
magazines Zmones, Zmones.Legendos, Virtuves Paslaptys, Gyvenk Sveikiau and
Laimos Stilius. It also owns the websites Leidiniai.lt, Zmones.lt, Ji24.lt,
Elaima.lt and Shopspy.lt.
ZLG posted 7.994
million euros in consolidated revenue for 2016, up 19.7% from 6.68 million
euros in 2015. The group's consolidated net profits last year slumped down by
46.1% to 320,300 euros.
«The Baltic Course» Is Sold and Stays in Business!
