Grigeo Group Transfers UAB Grigeo Tissue Shares
AB Grigeo Group has made a significant decision concerning its subsidiary UAB Grigeo Tissue. The Board has approved the transfer of 100 percent of the shares of UAB Grigeo Tissue to UAB Grigeo Hygiene, a company wholly owned by AB Grigeo Group. This strategic move is part of ongoing efforts to streamline and enhance the management of the group’s operations.
Purpose of the Transfer
The transfer aims to facilitate more efficient management of the various activities undertaken by the companies belonging to AB Grigeo Group. By consolidating ownership and operations, the group is poised to optimize performance and streamline decision-making processes.
Future Steps
In the upcoming days, AB Grigeo Group is expected to formalize the transaction through a share purchase agreement. While this important document will be signed shortly, the company has decided not to issue a separate material event notice regarding this signing.
Company Contacts
For any inquiries related to this transaction, interested parties can contact:
Tomas Jozonis
Chief Executive Officer
+370 5 243 5801
Frequently Asked Questions
What is the significance of the share transfer?
The transfer aims to improve the management efficiency of AB Grigeo Group's subsidiaries.
Who owns UAB Grigeo Hygiene?
UAB Grigeo Hygiene is wholly owned by AB Grigeo Group.
Will there be a public announcement about the share purchase agreement?
No, the company will not issue a separate notice regarding the signing of the agreement.
What are the expected outcomes of this transaction?
The expected outcomes include optimized operations and streamlined decision-making within the group.
Who can be contacted for more information?
Tomas Jozonis, the CEO, is available for any inquiries related to this transaction.
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