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Lithuanian dairy company Zemaitijos Pienas sells 32% stake in Muizas Piens food wholesaler
BC, Riga, 06.09.2018.
Print version
Print versionLithuanian dairy company Zemaitijos Pienas has sold a 32% stake in Latvia’s food wholesaler Muizas Piens, according to the Lithuanian company’s statement to Nasdaq Vilnius.
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The shares in Muizas Piens have been sold to Lithuanian retail company Samogitija.
Zemtaitijos Pienas acquired the 32% stake in Muizas Piens in 2009.
According to information available at Firmas.lv, Muizas Piens was established in 2005. In 2017, the company turned over EUR 948,204, down 39% from a year before, while its profit contracted to EUR 1,457 in 2017 from EUR 12,659 in 2016.
Until now, Muizas Piens belonged to Zemaitijos Pienas, Baltijos Mineraliniu Vandenu Kompanija (36%) and Klaipedos Pienas (32%).
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