AUGA Group Sells Baltic Champs Stake in Major Debt-Cutting Deal
Company under restructuring AUGA group, AB signs a binding preliminary share sale agreement for UAB "Baltic Champs"
AUGA group, RAB, legal entity code 126264360 (hereinafter - the Company), implementing one of the four strategic actions set out in the Company's...
2025-12-04T21:02:39+00:00
investment, agreement, acquisition, finance, investing, business, real-estate
AUGA group, AB has agreed to sell its entire stake in UAB 'Baltic Champs' to a Latvian investor. The binding preliminary deal, signed on 4 December 2025, marks a key step in the company’s financial restructuring. The sale aims to cut debt, restore solvency and meet creditor obligations.
The buyer, Global Champs, UAB, is owned by the Mhitarjans family and will acquire 100% of UAB 'Baltic Champs' shares. Most of the proceeds will go towards redeeming private bonds issued by UAB 'AWG investment 1'. These bonds carry a 14% annual interest rate and are secured by a pledge over the same shares being sold.
The transaction is expected to stabilise AUGA group’s finances by cutting debt and interest costs. If approved, it will free the company from a significant portion of its liabilities. The deal’s completion depends on securing the necessary consent from all involved parties.
