Pasvalys (Lithuania)

Type: City
Name: Pasvalys (Lithuania)
Country: Lithuania
Latitude: 56.07
Longitude: 24.389999
population: 8,511
First reported Oct 28 2013 - Updated Oct 28 2013 - 1 reports

AB Linas Agro Group received the permission to acquire poultry companies in Latvia

Panevėžys, Lithuania, 2013-10-28 14:00 CET (GLOBE NEWSWIRE) -- AB Linas Agro Group, that have signed agreements with Latvian private and legal persons on acquisition of 87% of shares in Latvian company AS Putnu fabrika Kekava, acquisition of 100% of shares ... [Published GlobeNewswire - Oct 28 2013]


"We enter the business area, food production, that is closely related to our core business. By acquiring these companies we expect positive synergy with our core activities as we are one of the largest feedstuff suppliers in the Baltics. Feedstuff accounts for a vast majority of cost of goods produced in poultry companies. To quickly gain know-how in poultry business, we are currently collecting team that will develop our new business in Latvia. We are not newcomers to Latvia – two companies of our Group, running business in Latvia, earned LTL 218 million revenue and nearly LTL 14 million gross profit during the financial year 2012/2013" , says AB Linas Agro Group Deputy Managing Director Andrius Pranckevičius

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AB Linas Agro Group received the permission to ... [Published GlobeNewswire - Oct 28 2013]
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