City Service AB finalized Fervėja UAB take over agreement


City Service AB finalized the take over of Fervėja UAB. After registering
increased share capital of Fervėja UAB in the Register of Legal Entities 99.9%
of company's shares were acquired, and remaining 0.1% of shares were acquired
under separate share sale - purchase agreement. City Service AB now possesses
100% share stock of Fervėja UAB. 

Fervėja UAB owns 100% share stock of the company Būsto investicijų valdymas
UAB, which in turn possesses 100% share stock in Karoliniškių būstas UAB,
Viršuliškių ūkis UAB,  Naujamiesčio būstas UAB and  Antakalnio ūkis UAB. These
companies manage 1.9 million sq. m. of residential facilities in Vilnius,
Lithuania. 

The area of facilities managed by City Service group has reached 13.4 million
sq. meters after finalizing this agreement. 

Vilius Mackonis,
Public relations manager
+370 5 239 4900