More trouble arises in distillery sell-offs

Mar 25, 2004
By Steven Paulikas

VILNIUS - The turbulent saga of privatization in Lithuania's state-held distilleries continued this month, as speculation in the media threatened to destabilize the sale of alcohol producer Anyksciu Vynas. On March 19, press reports that Alita, a rival distiller, was preparing to offer 35 million litas (10.1 million euros) for Anyksciu Vynas, a producer of fruit wines and other alcoholic beverages, triggered a rise of over 13 percent in the company's stock price.Later the same day, however, the ...

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