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The Competition Council stated that the transaction would not create or strengthen a dominant position or significantly restrict competition in the relevant markets.
DG21 plans to acquire 100 percent each. shares of Panevėžio arena, Tiketa and the companies Seven Live and 99.99 percent. Universal Arena shares. 0.01 percent of the latter shares are owned by the Municipality of Vilnius.
Photo by Viktorija Savicka / 15min / Competition Council
DG21, which invests in long-term real estate projects, signed an agreement in October to acquire Universali arena, the company that manages Siemens Arena, and three other group companies.
The four companies for sale are equally owned by Arūnas Mačiuitis, Remigijus Lapinskas and Rimantas Bukauskas. In 2010, they all withdrew from the shareholders of the Icor company, transferring their shares in exchange for Universal Arena, Panevėžys Arena and Tiketa.
Compared to 2018, Universal Arena’s revenue last year increased by 17.3 percent. up to 2,746 million The net profit multiplied by 4.7 to 326 thousand euros. euros. Panevėžys Arena revenues decreased 0.9 percent. up to 949.6 thousand. Net profit increased 3.2%. up to 72.9 thousand. company reports submitted to the Registry Center.
Tiketa’s revenue increased 2.6 percent last year. to 1.84 million Net profit decreased 22.3%. up to 111.6 thousand. euros. Seven Live’s revenue grew 2.2 times to $ 1.509 million. EUR, the company earned 114.4 thousand. Net profit in euros (in 2018 – loss of 36.6 thousand euros).
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