January, the 30th, 2008
Rautakirja acquired minority shares in its Lithuanian
press distribution company
The Lithuanian Competition Council has approved of Rautakirja's acquisition of the minority shares in its Lithuanian press distribution subsidiary UAB Impress Teva. After the transaction, Rautakirja Oy will own 100 % of the company.
Simultaneously with the transaction, Impress Teva's leadership changes. The previous Managing Director Terese Morkuniene and Director Simona Morkunaite, both minority shareholders in the company until now, will leave the company according to previous agreement.
Mr. Vigintas Bartasevicius has been nominated as the new Managing Director. He has begun his work in Impress Teva on 28 January, 2008. Vigintas Bartasevicius has previously been employed with e.g. the Finnish Tikkurilan maalitehdas in charge of the company's Lithuanian sales and its development.
We would like to thank Terese Morkuniene and Simona Morkunaite for their excellent results and the services rendered to Impress Teva since its establishment. At the same time, we would like to take this opportunity to wish Vigintas Bartasevicius success in his new position.
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