Wed, 19 Dec 2007: Staff and wire reports…



These products have proved popular with consumers," CEO Ceslovas Matulevicius said in a statement. Stumbras is 93.8 percent owned by Mineraliniai Vandenys, a subsidiary of MG Baltic, one of Lithuania's largest business concerns. Since the start of the year the company has mulled over different investment options, including a listing on the Warsaw Stock Exchange and attracting equity finance. In May an attempt to sell a 5 percent stake through the Vilnius Stock Exchange failed. In October Renata Maksima-viciene, a manager at MG Baltic Investment, said the company was considering a listing in Warsaw but first wanted to increase its market share in Poland. . ... Read the rest of this entry »

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