From August 1 of this year, 6 new private limited liability companies established by the decision of the shareholders of UAB EIKA will start operating. The companies were established in accordance with the provisions of the laws on joint-stock companies and corporate income tax of the Republic of Lithuania, by separating the parts of activities from UAB EIKA, which from an organizational point of view constitute autonomous economic units that carry out activities and can perform functions at their own discretion.
Established companies and the economic units they manage:
- UAB “Business Center 135” – Žalgirio St. 135, commercial building in Vilnius
- UAB “Verslo centras Dvyniai” – A. Goštauto st. 40 A, B and C commercial buildings in Vilnius
- UAB “Baltijos prekybos centras LT” – Baltijos ave. 6A Klaipėda “Berry” commercial building
- UAB “Savanorių verslo centras” – commercial building at Savanorių pr. 193 Vilnius
- UAB “Prekybos centras Pupa” – commercial building at Priegliaus St. 1 in Vilnius
- UAB “LIVE SQUARE LT” – Dainavos St. 3, Vilnius, a commercial building and a hotel are being built
EIKA CEO Domas Dargis: “By streamlining the company’s activities, we aim to more effectively manage both financial resources and risks, as well as human resources and expertise. Such separation of activities will allow the company to work more productively and focus on the most important thing – real estate development activities and expertise.”
The assets, transactions, rights and obligations of UAB EIKA, which continues its operations, will be transferred to the new companies in accordance with the terms of separation and the acceptance transfer act. This separation of activities will not have any impact on the employees working for UAB EIKA, they will continue to work for the same company. All companies will be part of the EIKA group of companies.