Alytus, Republic of Lithuania, 2010-12-22 12:07 CET (GLOBE NEWSWIRE) -- As specified in the 9 December 2010 information publicly announced by the Company, and in the 22 December 2010 information publicly announced by the head of AB “ALT investicijos” to the effect that pursuant to the requirements of legislative acts, the head of AB “ALT investicijos” filed for bankruptcy of AB “ALT investicijos” by submitting an application to that end to the District Court of Kaunas on 22 December 2010, the Company hereby informs of having no obligations to AB “ALT investicijos”, however,there is a realistic likelihood that the Company will have to take over all the obligations of AB “ALT investicijos” to “Swedbank” AB arising from the 29 June 2006 Credit Line Agreement No. 06-046799-KL (with all its subsequent amendments and supplements) as a co-debtor of AB “ALT investicijos” towards “Swedbank” AB. The Company also reminds about its current negotiations with “Swedbank” AB, its main creditor, who is interested in preservation and continuance of the Company’s activities regarding the conditions of the Company’s obligations to “Swedbank” AB. The Company emphasises its intention to preserve, ensure and further develop its activities and to maintain its market position.
For any additional information please refer to Paulius Kibiša, General director 8 – 612-33033
Paulius Kibiša, General director
Paulius Kibiša, General director 8 - 612-33033