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The final amount of transaction was 56.6 million litas, including dividends amounting to 5.2 million litas, paid to City Service AB.

City Service and its subsidiaries shall not be involved in waste management activities after closing and thus shall fulfil requirements of Civil code of Republic of Lithuania, according to which companies acting as residential facility managers cannot be related to waste management companies.

The shares of Ecoservice has been transferred to AWT Holding, the control of which and controlling interest, i. e. 75%, shall be owned by the BaltCap Private Equity Fund II and the remaining 25% of interest shall be owned by the company.

Accordingly, the company’s investment into the authorized capital of AWT Holding UAB will be 5.1 million litas, and the final amount received by the company will be 51.5 million litas. After the transaction, the company will not have priority rights to purchase AWT Holding UAB shares, as granted by the Law of Companies of the Republic of Lithuania.

Ecoservice is a Lithuanian waste processing company, which, together with its subsidiaries, is engaged in collection, transportation and processing of secondary raw materials and household waste. The audited consolidated activity revenues of Ecoservice Group in 2013 amounted to 55 million litas, the activity profit – 6.34 million litas.

Ecoservice is listed as assets held for sale in 2013 non-audited financial statements of the Company, and net profit from discontinued activities in income statements was 5.78 million litas.

The BaltCap Private Equity Fund II, launched by the dedicated private equity and venture capital investor BaltCap, invests into small and medium companies’ shares and into capital development in the Baltic States.

The company’s financial advisors were Porta Finance, legal services were provided by the law firm Tark Grunte Sutkiene.