Vilnius, Lithuania, 2015-08-03 18:00 CEST (GLOBE NEWSWIRE) -- Following the decision to withdraw from Stavropol (Russia) residential facilities management market, shares of group of companies active in Stavropol were transferred on 3 August.
Value of the share sale – purchase agreement is RUB 4 million, companies were sold to physical persons, citizens of Russian Federation. In financial statements of City Service group, Stavropol companies were accounted as discontinued operations. Activities in Stavropol were loss making due to resale of communal resources, thus disposal of companies will not have any negative impact on financial result of City Service group.
Vilius Mackonis,
Director of Marketing and Communication Department
+ 370 5 239 4900