Last update: 29.11.2024 23:37 (GMT+2)

JSC "Olainfarm" Management Board resolved on disposal of 800,000 "Endokriniai preparatai" shares

27.01.2003, Olainfarm, RIG

On December 16, 2002, JSC "Olainfarm" Management Board resolved on
disposal of 800,000 "Endokriniai preparatai" shares, and on December 17
Supervisory Board approved the resolution. The deal was completed on
December 30, 2002, the value was EUR 1,500,000. "Olainfarm" acquired
the shares in November of 1997. Since that, "Endokriniai preparatai"
has been working at a loss, which had a negative impact on "Olainfarm"
performance: hence the resolution to dispose of the holding.

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