A dispute, which continued almost two years, over a public share issue of agricultural investment company Agrowill Group is finished peacefully.
Agrowill Group and Finansu Rizikos Valdymas UAB (former name – Finasta Rizikos Valdymas), which belongs to the investment company’s Invalda group, signed a peace treaty and delivered it to a court to certify.
“We think it isn’t reasonable to continue the dispute because Agrowill Group has started a restructuring proceeding. This would freeze a possibility to recoup funds even in a case of the dispute winning. Due to this we decided that the peaceful agreement is more useful for the company and its shareholders” – Darius Sulnis, the president of Invalda, said.
When the capital increase procedures are finished, the share capital of Agrowill Group will increase by 1.545 mln. LTL till 27.687 mln. LTL. Invalda group will own new shares.
“The agreement to finish the dispute over the increase of the share capital is very important step to ensure the stability of the company. This will allow Agrowill Group to concentrate on the agricultural activity, improving situation in the agricultural production market and to increase share value” – Vladas Bagavicius, the member of Agrowill Group Board, said.