News

2022.07.18

Vičiūnai Group position on withdrawal from Russia

Recently, the Vičiūnai Group has been criticized in the public sphere for what the public considers a too slow exit from the Russian market. We understand the sensitivity of the situation and the public's increased interest in knowing about the progress of the exit process due to Russia's military actions in Ukraine. More

2022.06.20

Viciunai Group will sell the entire package of business in Russia to the selected buyer

Potential buyers of Viciunai Group's assets in Russia have expressed a desire to acquire the entire business of the group in Russia, emphasising that the factory must be operational: the production lines must be running in full capacity, jobs for employees and specialists must be saved, and the supply of raw materials several months after the acquisition must be ensured. More

2022.06.03

VICIUNAI GROUP CONTINUES THE BUSINESS SALE PROCESS IN RUSSIA – NEGOTIATIONS WITH POTENTIAL BUYERS ARE UNDERWAY

The sale process is currently underway, and the international professional service company EY (Ernst & Young) managing the process has compiled a long list of potential buyers for the business in Russia. Intensive negotiations with these buyers are currently taking place. The formation of a shortlist of potential buyers to whom the factory’s financial data will be provided is expected to begin soon. More

2022.05.18

Viciunai Group's advisers have compiled a long list of potential buyers for its business in Russia, including over 30 companies

One of the world's four largest audit companies, which is leading the process of selling Viciunai Group's business in Russia, has compiled a long list of potential buyers for the factory in the Kaliningrad region and the logistics business. This list includes over 30 companies from all over the world. More

2022.05.02

Viciunai Group continues the process of selling its business in Russia and has hired consultants

After announcing its decision to completely exit the Russian market on 7 March, Viciunai Group has continued the process of selling its assets, which will be structured and accelerated by the international service group EY (Ernst & Young). More

2022.03.08

THE OFFICIAL NOTICE OF VICIUNAI GROUP ON SUSPENDING COMPANIES' ACTIVITIES IR RUSSIA

"Vičiūnai Group" CEO has confirmed plans to stop operations in Russia and concentrate business and production in Europe. More