On July 27 City Service, AB has acquired 5,676 (49.92 %) shares of Būsto Administravimo Agentūra, UAB. The shares were acquired after receipt of authorization from the Competition Council of the Republic of Lithuania under the share purchase agreement. The price of the share purchase transaction is LTL 689,500.
Currently City Service, AB owns 87.12 % of Būsto Administravimo Agentūra, UAB shares. The Company has acquired 37.2% of Būsto Administravimo Agentūra, UAB shares under the exchange agreement dated 7 November 2005. The rest part of Būsto Administravimo Agentūra, UAB shares are intended to be acquired in the near future.
Būsto Administravimo Agentūra, UAB manages 220 thousand sq. m. of apartment buildings in Kaunas city (Lithuania).
Vilius Mackonis,
Public relations officer
+ 370 5 239 4900