Sale of the largest producer of alcoholic beverages Alita shares

26.09.2014 Sale of the largest producer of alcoholic beverages Alita shares

TGS Baltic advised FR&R Invest IGA S.

A., a Luxembourg based restructuring unit of Swedbank and the largest shareholder of Alita on the sale of the controlling block of shares in Alita to Mineraliniai vandenys UAB. The transaction involves the sale of 99.03% of all the shares of the company, 84.56% of which are owned by FR&R Invest IGA S.A. and the remaining 14.48% by Mr. Vytautas Junevičius.

The estimated value of the transaction is EUR 19.5 million (LTL 67.33 million). The final price will be determined at the completion of the transaction, which will take place following the issuance of the merger permit by the Competition Council of the Republic of Lithuania.

Alita is one of the largest producers of alcoholic beverages in Lithuania. Alita produces naturally fermented sparkling grape vines, alcoholic cocktails, ciders, vodka, brandy, concentrated fruit juice. Alita also owns 95% stake of Anykščių vynas, the oldest wine producer in Eastern Baltic region, which shall also be transferred as part of the transaction.

Mineraliniai vandenys is an international wholesale company operating in wine, spirit and tobacco product trade, and is a part of MG Baltic group, one of the biggest privately held company groups in the Baltic states. Mineraliniai vandenys is also active in production of alcoholic drinks through its subsidiary AB Stumbras, one of the biggest producers of strong alcoholic beverages in Lithuania.