Imoniu grupe ALITA, AB - Notification on material event

Complaint of Plass Investments Limited regarding abolishing of the resolution of Competition Council to permit the execution of concentration of the company

Alytus, Lithuania, 2012-04-05 17:03 CEST (GLOBE NEWSWIRE) -- On 5 April 2012
company group “ALITA”, AB (hereinafter, the “Company”) received the decision of
the Vilnius Regional Administrative Court of 2 April 2012, according to which
the complaint of Plass Investments Limited regarding abolishing of the
resolution of Competition Council of 28 September 2011 allowing FR&R Invest IGA
S.A. to acquire up to 100 % of shares in the Company, was rejected as
groundless (the Company is included as the third party in this case).
Furthermore, according to the decision the court dismissed the case in so far
as it concerns the request of Plass Investments Limited to abolish the
procedural decision of the Competition Council of 29 September 2011 on
considering that the information submitted by Plass Investments Limited to the
Council concerning acquisition of shares in the Company constitutes no grounds
for calling into question the validity of the permission for concentration,
issued by the Competition Council. 

Aforementioned decision of the Vilnius Regional Administrative Court may be
appealed against to the Supreme Administrative Court of Lithuania within 14
days after its announcement. 




         Additional information is provided by the General Director Paulius
Kibiša, phone number + 370 315 57243.