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Estonian company Apollo Apollo Group has bought another 21% of Lido’s shares; Kirsons hasleftthecouncilofthe company

Эстонская компания Apollo Group купила еще 21% акций Lido; Кирсонс покинул совет предприятия

The deal within the framework of which to till now is the largest shareholder of Lido, Apollo Group, increased its share in the capital of the company to 96%, by purchasing an additional 21% of the shares, Lido representatives said. Lido founder Gunars
Kirsons retains 4% of the shareholding and leaves the council of the company. The Chairman of the Council of the Company will be Ivars Vendelin, and the composition of
the Management of Lido will remain unchanged: Chair of the Board Rita Auzinia and members of the Board Rasmuss Petersons, Renars Gulbis and Solvita Treilande. “Our goal is to keep and develop the Lido brand, based on its values and traditions. At the same time, we plan to expand the company’s capabilities in international markets. We are confident that working with the experienced Lido team,
we will be able to achieve our objectives and open new opportunities for development, ” said Wendelin. Lido Lido Chairwoman Rita Auzinia confirmed that
the changes will not affect the substance of the enterprise as it will continue the beginning the course, moving in the growth direction. From 31 January 96% of the capital of the company owned Treeland, a subsidiary of Estonian Apollo Group,
and 4% owned by K.E.Projekti, the only owner of which is Gunars Kirsons. The true beneficiary of Lido immediately through the Estonian company MM Grupp is Estonian entrepreneur Margus Linnamäe. Apollo Group operates in Estonia,
Latvia, Lithuania and Finland, its annual turnover is 220 million euros. In Latvia, in addition to LIDO, Apollo Group is known for its brands Apollo kino,

KFC,MySushi,VapianoandO’learys.TheLidoconcernincludesLidonekustamieīpašumi,andalsofourEstoniancompanies-LidoEesti,LIDOKristiine,LidoMustamaeandODILEesti.Allokino,KFC,LidoEesti,LidoMustamaeandODILEesti.

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