The public joint-stock company Invalda LT, AB and DNB Bank, AB executed a short – term loan agreement of value of EUR 4.924 million (LTL 17 million). The agreement was secured by pledge of 1 529 312 shares in Vilniaus Baldai, AB comprising of 39.35 percent of the authorized capital of Vilniaus Baldai, AB, owned by Invalda LT, AB. The loan was issued to Invalda LT, AB due to the intended tender offer to buy up shares in Vilniaus Baldai, AB. It is assumed that Invalda LT, AB may acquire 12.72 percent of the shares in Vilniaus Baldai, AB for the value of EUR 7,352 million (LTL 25,385 million).
The person authorized to provide additional information:
Darius Sulnis
President
Tel. +370 5279 0601
E-mail: [email protected]