Avulis: Hanner is planning large investments in Lithuania and abroad



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“We have big plans for next year, so we want to strengthen Hanner’s capital base to prepare for its implementation. We plan investments in real estate projects both in Lithuania and in foreign markets, but we will provide more information on them in early 2021” A. Avulis told BNS.

The capital of the company will be increased from LTL 69.367 million through additional contributions from the sole shareholder. up to 74,867 million 1.1 million euros. Units of shares worth 5 EUR. All shares will be acquired by Hanner Group on November 20, in accordance with the shareholder resolution minutes submitted to the Records Center.

Hanner received $ 42.22 million last year. Consolidated revenue in EUR: 3.7 percent. more than in 2018. The group’s net profit increased 19.9 percent during the year. up to 12,925 million euros. In Lithuania alone, the group received 33.93 million LTL. 8.3 million euros in Latvia. income in euros.

The Hanner group in Lithuania also manages the Trust Capital real estate development group.

Swedbank provided LTL 20 million in October. A loan of 1 million euros for the Hanner neighborhood Business Stadium project, which is being developed on the site of the former Žalgiris stadium. In total, the company is investing more than 200 million in this quarter. euros.

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