Akropolis Group, the leading Baltic shopping and entertainment centres development and management company, has today closed the Galio Group acquisition transaction and has become the sole owner of the shares of this company. “This is an important message for investors and business partners – this transaction ensures stable revenue growth and more development opportunities in the future. This acquisition of one of the leading real estate managers and developers in the country has enabled us to increase the ...

Akropolis Group, the leading Baltic shopping and entertainment centres development and management company, has today signed a credit agreement with Swedbank for EUR 110 million credit. The credit facility along with own funds of the Company, will be used to acquire 100% of shares in Galio Group. The credit will account for slightly less than half of the transaction price. The share purchase price has been set based on the market value. The parties have agreed not to make it public. The share purchase agre ...