City Service AB - Notification on material event

City Service acquires residential facility management company in Spain

Vilnius, Lithuania, 2014-05-14 17:00 CEST (GLOBE NEWSWIRE) -- City Service
group enters residential facility management market in Spain. Concentra, a
Group company active in Spain's market, has acquired Administraciones Santa
Pola S.L., that manages 211 000 sq. m. of residential facilities in Alicante
province. 

Revenues of acquired company were EUR 115.000 in 2013, and managed turnover
reached EUR 1.4 million. The company was acquired for EUR 90.000. 

This is our first step in highly fragmented Spain‘s residential facility
management market, where most companies are really small. We will actively
search for more acquisitions in the future, stated Jonas Janukėnas, Director
General of AB City Service. 






         Vilius Mackonis,
         Director of Marketing and Communication Department
         +370 5 239 4900