Lithuania, Tourism

International Internet Magazine. Baltic States news & analytics Friday, 30.07.2021, 04:21

Novaturas' main shareholder to sell a stake in Lithuanian tour operator

BC, Vilnius, 21.11.2019.Print version
Novaturas' largest shareholder, Central European Tour Operator, has decided to sell a part of its shareholding in Lithuania's biggest tour operator, reported LETA/BNS.

Central European Tour Operator "has approved the launch of sale of a block of shares in the company by way of an accelerated bookbuilding (ABB)," Novaturas said. 

The shareholder plans to sell a stake worth of up to 5 mln euros, but it may decide to increase the number of shares on sale in the ABB, it adde

Central European Tour Operator now owns 47.4% of Novaturas. Other shareholders include Ugnius Radvila with 9.49%, and Rytis Sumakaris and Vidas Paliunas with 6.86% each.

Novaturas is listed on the Vilnius and Warsaw stock exchanges.

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