For the first time at auction: for almost 3 million. The shares of “Genetic resources” will be sold in EUR Business

The company “Genetic Resources” carries out breeding of promising meat and dairy cattle, seed production of cereals, fiber and oil plants, experimental, educational and trial economic activities and preserves and breeds Lithuanian local rough-wool and black-headed sheep.

The company’s areas of activity according to the volume of sales: crop production – 43%, milk – 42%, cattle – 10%, sheep – 4%.

One of the company’s divisions, where cattle are raised and crop production is developed, is located at Ėiškių g., Panevėžys district, Upytės village. 8. The second unit, which specializes in sheep breeding, is located in Radviliškis district, Pavartyčių village, Arimaičių st. 24.

In addition to the complexes located in these units, the company also manages 140 units. agricultural land plots with a total area of ​​168 hectares. The company rents over 1,600 ha of land plots from the state and individuals.

This is the first auction where shares of this company are sold. The initial sale price of the shares is EUR 2,783,000.

The company’s set of documents (both paper and electronic) can be purchased from 2024. May 2 The selling price of the set of documents is 145 euros.

Potential buyers who have purchased a set of documents can submit their offers on June 4-6. For the property bank. The auction will be held on June 7 at 10 am. The auction participant who offers the highest price for the shares will be recognized as the winner. The received funds will be transferred to the national budget.

Details of the conditions for the sale of the share package can be found in the information bulletin published by Turto bankas.