“We have not yet finalized the drafting of all terms of reorganization since everything was actually more complicated than we expected. However, the plans as regards reorganization or its implementation through a split-off remain unchanged. You should understand that the group is not that small and everything is not that simple,” Dalius Kaziūnas, Invalda president, told Verslo Žinios business daily.
The company’s management would seek to organize shareholders’ meeting, which would approve the terms of reorganization, by the end of the first quarter, he said. According to initial plans, that meeting was expected to take place in January or February.
