Panevezys, Lithuania, 2013-10-30 08:00 CET (GLOBE NEWSWIRE) -- AB Linas Agro Group acquired 87% of shares in Latvian company AS Putnu fabrika Kekava. From the date of the permission of the Competition Council of the Republic of Latvia to proceed with a relevant transaction (announced on 28 October 2013) AB Linas Agro Group obtained voting rights granted by the shares of AS Putnu fabrika Kekava, i.e. from that moment AB Linas Agro Group has all rights granted by the shares of AS Putnu fabrika Kekava. The company has paid 1.4 million euros for the shares.
AS Putnu fabrika Kekava is the largest of the purchased Latvian poultry companies (in addition, shares in the following companies are purchased: SIA Broileks, SIA Cerova and SIA Lielzeltini). Revenue of AS Putnu fabrika Kekava was EUR 33 million in 2012.
About AB Linas Agro Group
AB Linas Agro Group is an agribusiness parent company engaged in the production and trade of grains, oilseeds, feedstuff and agricultural inputs. It controls companies in Lithuania, Latvia, Estonia and Denmark. The group consists of international agricultural production trading company in Lithuania AB Linas Agro, grain storage company UAB Linas Agro Grūdų centras KŪB (controlling grain storages in Joniškis, Kėdainiai, Kupiškis, Pasvalys, Šakiai district, Šiauliai and Vilkaviškis), Latvian trading company SIA Linas Agro, international trading company Linas Agro A/S in Denmark, group of companies ŽŪB Landvesta, managing agricultural land, holding of agricultural companies UAB Linas Agro Konsultacijos, agricultural inputs supplier UAB Dotnuvos Projektai, operator of lignin biofuel accumulation UAB Lignineko, logistic company UAB Jungtinė Ekspedicija and other companies. The financial year of the Group begins on 1 July. The total headcount of the Group exceeds 1,140 employees. Consolidated revenue of AB Linas Agro Group for financial year 2012/2013 ended June 2013 totaled LTL 2,043 million, EBITDA – LTL 127 million.
Together with partners, the Group owns grain storage company Karčemos Kooperatinė Bendrovė.
From 17 February 2010 AB Linas Agro Group is included in the main list of companies of NASDAQ OMX Vilnius stock exchange.
Deputy Managing Director of AB Linas Agro Group
Phone +370 687 71 419