Civinity CEO Refuses to Comment on Million-Dollar Investment in Rytas Club
5 Articles
5 Articles
When the portal "Basketnews" announced that the building maintenance and engineering solutions group "Civinity" plans to acquire 51 percent of the shares of Vilnius basketball club "Rytas" for 3.5 million euros, "Civinity" CEO Tomas Staškūnas neither confirmed nor denied this information to BNS.
Civinity, a building maintenance, engineering and technology solutions group, has submitted a proposal to invest in Vilniaus Rytas and become a long-term strategic shareholder of the club.
Building maintenance and engineering services company Civinity AB plans to acquire 51% of the shares of Vilnius basketball club Rytas, aiming to manage the National Stadium complex under construction in Šeškinė, the capital, reports basketball news portal Basketnews.
Vilnius' Rytas is undergoing a change of ownership - control of the club will pass to new hands. According to the website BasketNews, UAB Civinity - one of the largest construction maintenance and engineering solutions groups in the Baltic States - will invest in the capital's team. Negotiations have reached the final stage, and after the agreement is formalized, this group of companies should control 51 percent of Rytas' shares. According to Ba…
According to the journalist, the construction supervision and engineering solutions company UAB “Vicinity” is preparing to pay 3.5 million euros for the controlling stake. After the deal, the new owners would control 51 percent of the club's shares.
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