OREANDA-NEWS. July 25, 2011. Invalda, one of the largest investment companies in Lithuania, asks permission of the Competition Council of the Republic of Lithuania to acquire up to 100% of a metal processing company Umega. Currently Invalda owns 21.1% of Umega’s capital.

“There are possible transactions, after which Invalda’s stake will slightly exceed 25% limit indicated in the Competition Law” – said Darius Sulnis, the president of Invalda.

According to him, sales of Umega, which exports the largest part of its production, should return to the same level, as it was before crisis. This creates assumptions for a positive change of other indicators.

Preliminary sales of Umega during the first half of 2011 reached 32 mln. LTL – 80% more that it was during the same period in 2010.

In 2010 sales Umega, with production units in Ukmerge and Utena, reached 44.7 mln. LTL.