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Friday, 28.10.2016, 05:32
Invalda signs sale agreement regarding shares of Umega
"Having analyzed an offer of the shareholders of Umega and reviewed various alternatives we have decided to accept the proposal to sell our stake," said Darius Sulnis, the president of Invalda.
The transaction should be closed in the beginning of 2012, when the buyers receive a permission of the Competition Council, writes LETA/ELTA.
Both parties agreed not to disclose details of the transaction. Based on preliminary estimates the sale of Umega shares will be reflected in the financial statements for the first quarter of 2012 and will have a minor positive impact on the result of Invalda.