Imoniu grupe ALITA, AB - Notification on material event

Notification regarding the sale of company’s vodka and bitters business part

Alytus, Lithuania, 2015-06-05 06:30 CEST (GLOBE NEWSWIRE) -- 
On 21 October 2014 UAB Mineraliniai vandenys (hereinafter - MV) delivered to
the Competition Council of the Republic of Lithuania (hereinafter - Council) a
notice on concentration by acquiring up to 100 percent of Company group ALITA
AB (hereinafter - Alita) shares. 

On 14 November 2014 MV, seeking to prevent possible restriction of competition
in the vodka and bitters markets in Lithuania, delivered to the Council
undertakings1 (hereinafter - Undertakings), which were updated on 26 November
2014. 

On 5 December 2014the Council allowed ot MV to obtain up to 100 percent of
Alita shares with a condition that MV shall transfer the business of Alita and
AB „Anykščių vynas“ related to the production and sales activities in Lithuania
regarding vodka and bitters (hereinafter - Business). 

On 24 March 2015 the Council in its procedural meeting consented to the
candidature of Business buyer provided by MV. 

On 4 June 2015 closing of a Business transfer transaction ended during which
the title to the trademarks in the territory of the Republic of Lithuania,
which had to be transferred according to the Undertakings, passed to the buyer
of the Business. 



1 http://www.kt.gov.lt/index.php?show=news_view&pr_id=1525


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