Group 1 - Utenos Trikotažas completed the sale of a controlling stake in its Ukrainian subsidiary Mrija, selling 98.87% of its total 98.95% shareholding as part of a court-approved restructuring plan [1][2] - The shares and related rights of claim were acquired by Translum (Ukrainian company) and Neoplast Hungary KFT (Hungarian company) [2] - The transaction value is EUR 700,000 before taxes, with proceeds aimed at reducing the company's liabilities as per the restructuring plan [3] Group 2 - Mrija currently provides 10-15% of Utenos Trikotažas' total sewing needs, and the company plans to continue placing orders with Mrija for production in Ukraine [3][4] - Utenos Trikotažas intends to sell the remaining small number of Mrija shares in the future without a separate announcement [2]
Utenos Trikotažas sold a controlling stake in its subsidiary Mrija
Globenewswire·2025-11-04 14:10