Ekspress Grupp acquired the Lithuanian news portal lrytas.lt
Ekspress Grupp, the leading media group in the Baltic States, acquired the online news portal lrytas.lt from the largest newspaper in Lithuania, Lietuvos rytas.
AS Ekspress Grupp and UAB Lietuvos rytas signed an agreement on the acquisition of 100% of the shares of the subsidiary UAB Lrytas, which manages the internet portal lrytas.lt. The value and terms of the transaction are confidential.
The legal adviser of the transaction is Ellex in Lithuania, and the financial consultant is Swedbank.
AS Ekspress Grupp is a leading media group in the Baltic States, whose main activities include the creation of online media content, the publishing of newspapers, magazines and books. The group also operates an electronic ticketing platform and ticketing websites in Estonia and Latvia. in 1989 Ekspress Grupp, which started its operations, employs more than 1,400 people, manages the leading internet media portals in the Baltic countries, publishes the most popular daily and weekly newspapers and most of the most popular magazines in Estonia.
The client was advised on legal issues by the lawyers of Ellex in Lithuania Corporate, Competition and Intellectual Property practices: partners Ramūnas Petravičius and Marius Juonys, associate partner dr. Ąžuolas Čekanavičius, senior associates Arvydas Grušeckas and Marijus Dingilevskis and associate Andrej Jemeljanov.