Group 1 - Mr. Neset Kockar, a shareholder of AB Novaturas, currently holds a 23.2% stake and is considering increasing it to approximately 33% [1][2] - The submission of notifications to competition authorities in Lithuania, Latvia, and Estonia is a precautionary measure and part of a planned process since Mr. Kockar's initial investment [2][4] - A 33% shareholding could potentially give Mr. Kockar "sole control" of the company due to low attendance rates at general meetings, which may allow him to hold a de facto majority of votes [3][4] Group 2 - AB Novaturas is a tour operator with over 25 years of experience, offering a wide range of travel destinations from the Baltic States [5] - In 2024, the company reported revenues of EUR 201 million and served 239,000 passengers across Lithuania, Latvia, and Estonia [5]
Novaturas informs on investor’s notifications to competition authorities
Globenewswire·2025-10-07 06:55