Energy trader and convenience store network AS VIRŠI-A (hereinafter – Virši) plans to commence its operations in Lithuania in spring 2024. The first Virši service station in Lithuania will be located in the south of the country, on the A5 motorway near the town of Marijampolė.
“We are delighted to continue the rapid growth story of the Company outside the borders of Latvia. Lithuania is important to us as we see it as a significant market for both our business and private customers. This is our first step outside the Latvian market, and we are confident that with our experience and quality, we will be also able to gain the trust of our customers in Lithuania. We expect that our presence in Lithuania will have a positive impact on the development of the long-term business model of the Company, both by promoting brand awareness at the Baltic level and by expanding the availability of Virši products to existing and future customers in Lithuania,” says Jānis Vība, Virši Chairman of the Board.
The new 314 m2 building of the Virši service station with a store and café area is currently under construction and is being built in accordance with the existing concept of Virši service stations, following the principles of energy efficiency and customer convenience of the adapted and modernised store hall layout. The location will operate around the clock and will offer customers a wide range of fuel products, electric charging, as well as the usual Virši diverse assortment of beverages, snacks and car products.
The shares of AS VIRŠI-A are admitted to trading on Nasdaq Baltic First North Market. The certified adviser for AS VIRŠI-A is Law Office Eversheds Sutherland Bitāns. Virši is a rapidly growing local energy trader and convenience store network with 28 years of experience. Currently, Virši has 75 sales points, 73 of which are service stations, and employs more than 780 people across Latvia. Since 11 November 2021, the shares of AS Virši-A have been admitted to trading on the Nasdaq Riga First North Alternative Market.