Akropolis Group has closed the Galio Group acquisition transaction

Core Insights - Akropolis Group has successfully completed the acquisition of Galio Group, becoming the sole owner of the company, which is expected to enhance revenue growth and development opportunities [1] Group 1: Acquisition Impact - The acquisition has increased the value of Akropolis Group's real estate portfolio by approximately 30%, rising from EUR 1.1 billion to EUR 1.4 billion [3] - The number of income-producing properties managed by Akropolis Group has expanded significantly from 5 to 60 following the acquisition [3] - The concentration of shopping centers within the portfolio has decreased from 96% to 73%, indicating a diversification across different asset classes [3] Group 2: Company Background - Galio Group has been involved in the development of commercial and residential real estate projects in the Baltic region for nearly 20 years, managing assets valued at over EUR 300 million [2] - Akropolis Group currently manages five shopping and entertainment centers, including three in Lithuania and two in Latvia [4] - Post-acquisition, Galio Group will continue to develop real estate projects in the Baltic States, including ongoing residential projects like reVINGIS and Mosso in Vilnius [4]