"I sold around 20 percent of my shareholding in Apranga. This is more of a personal issue," he told BNS.
Perveneckas said that the deal had nothing to do with his employment, or with Apranga's financial results or its future prospects.
MG Baltic Investment, the investment arm of MG Baltic, on Tuesday bought 0.36 percent of Apranga's stock capital from Perveneckas in a deal worth 520,000 euros in total, or 2.61 euros per share.
MG Baltic Investment held a 53.7-percent stake in Apranga at the end of June. Perveneckas owned 1.81 percent of the company at that time.
Apranga is quoted on the blue-chip Main List of the NASDAQ OMX Vilnius Stock Exchange.
