Workflow
Announcement regarding the progress of the second transaction stage with strategic investor
Globenewswire·2025-09-04 05:35

Group 1 - The company attracted a strategic investor, Neset Kockar, who acquired 23.2% of its shares in March [1] - The second stage of the transaction, which would increase Kockar's control to 33.19%, is being terminated, and new agreement terms are under negotiation [2] - Kockar's investment has strengthened the company's financial position, providing a €2 million loan and facilitating agreements with financial institutions [3] Group 2 - Novaturas Group is a leading tour operator in the Baltic States with over 25 years of experience, offering a wide range of travel services [4] - In 2024, Novaturas Group recorded €201 million in revenue and served 239,000 passengers across Lithuania, Latvia, and Estonia [4]