December 22, 2014 12:15 PM ET

Media

Company Overview of UAB Lrytas

Company Overview

UAB Lrytas publishes Lietuvos Rytas daily newspaper and about ten magazines. The company also provides printing services for other publishers. UAB Lrytas was founded in 1990 and is based in Vilnius, Lithuania.

Gedimino 12A

Vilnius,  01103

Lithuania

Founded in 1990

Phone:

370 5 274 3600

Fax:

370 5 274 3700

Key Executives for UAB Lrytas

Editor-In-Chief
Age: 47
Compensation as of Fiscal Year 2014.

UAB Lrytas Key Developments

Benas Gudelis Eyes Lietuvos Rytas

Benas Gudelis, a Lithuanian businessman is planning to acquire UAB Lietuvos Rytas. “It‘s a very good company. We see numerous prospects, indeed, there are many possibilities. You know, it‘s necessary to keep the press independent,” Gudelis told BNS. He refused to disclose the price he would pay for the shares in Lietuvos Rytas although said his bid had been higher that those of competitors.

Ekspress Grupp Denies Acquiring Stake In Lietuvos Rytas

Gunnar Kobin, the Chief Executive Officer of Aktsiaselts Ekspress Grupp (TLSE:EEG1T) said that Aktsiaselts Ekspress is not considering the acquisition of stake in UAB Lietuvos Rytas.

Investors Reportedly Eyes Lietuvos Rytas

xisting market players related with media and politics are mostly interested the acquisition of 34% stake in UAB Lietuvos Rytas from SNORO Media Investicijos, Uab, eversus reported citing unofficial sources. It was reported that Hans Luik largest shareholder of Aktsiaselts Ekspress Grupp (TLSE:EEG1T) is interested in the acquisition. "We regularly receive different proposals to buy different media assets and we consider them all very seriously. We have no opinion on the possible value of the shares in Lietuvos Rytas," Gunnar Kobin, Chief Executive Officer of Ekspress Grupp, said. Benas Gudelis also reportedly eyes Lietuvos Rytas and spoke about that unofficially. However, now he says that he would “consider this issue as he does with all possibilities existing on the market”. Gudelis would not make any more comments to the web portal. “The holding in Lietuvos Rytas on sale does not interest us,” Raimondas Kurlianskis, Vice-President of MG Baltic Investment, said to eversus.lt.

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