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Stumbras sell-off finalized

Oct 23, 2003
From wire reports

VILNIUS - After a scandal-ridden privatization saga, Lithuanian alcohol wholesaler Mineraliniai Vandenys has signed an agreement pledging to pay 152 million litas (44 million euros) for the 91.95 stake in Stumbras, the country's largest vodka producer. The privatization committee of the State Property Fund, which had announced its approval for such a deal at the end of September, signed the Oct. 21 agreement on the sale Stumbras. Povilas Milasauskas, chief executive officer of the State Proper ...

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