UNI - EN REPORT No12/2014
Avia Solutions Group AB, company code 302541648, registered address at Smolensko str. 10, Vilnius, Lithuania (hereinafter referred to as “the Company” or “Avia Solutions Group”), has completed the sale of 49 percent of shares of its subsidiary – Baltic Aviation Academy UAB, company code 300618099, registered address at Dariaus ir Girėno str. 21, Vilnius, Lithuania (hereinafter referred as the “Subsidiary”) to an unrelated third party.
Sales proceeds from the disposal of a 49 percent shareholding in Baltic Aviation Academy UAB amounted to EUR 1,28 million. Following the sale Avia Solutions Group AB remains the major shareholder of Baltic Aviation Academy UAB with a 51 per cent shareholding.
Source of information: Warsaw Stock Exchange