Key Takeaways
- AUGA Group signed an agreement to sell 100% of Baltic Champs shares to Global Champs, UAB
- Total transaction value amounts to €8.46 million
- Proceeds will fully redeem a €4.984 million bond issue and accrued interest
- Group financial debt and lease obligations expected to decrease by approximately €11.6 million
- Transaction represents the first of four strategic actions under AUGA Group’s court-approved restructuring plan
AUGA Group Executes First Strategic Restructuring Action
AUGA Group announced that on 26 February 2026 it signed a Share Purchase and Sale Agreement to transfer 100% of RUAB “Baltic Champs” to Global Champs, UAB.
The total purchase price consists of a €5.5 million closing payment plus €2.96 million representing AUGA Group’s debt to Baltic Champs, bringing the total transaction value to €8.46 million.
“The sale of ‘Baltic Champs’ shares marks the implementation of the first of four key actions from the court-approved AUGA group restructuring plan,” said Kęstutis Juščius, Chairman of the Company’s Board. He added that the transaction is intended to restore liquidity, reduce overall Group debt, and eliminate high-cost debt instruments.
AUGA Group Debt Reduction and Bond Redemption
As part of the settlement, €5.22 million will be allocated to redeem bonds (ISIN LT0000409104) issued by UAB “AWG Investment 1,” a directly controlled entity of AUGA Group. The bond issue, totaling €4.984 million, will be fully redeemed along with accrued interest.
Following the transaction, AUGA Group’s consolidated financial debt and lease obligations are expected to decrease by approximately €11.6 million. This includes the removal of Baltic Champs’ financial liabilities from Group consolidation.
The redeemed bond carried an annual interest rate of 14%, and its repayment is expected to generate savings in future interest expenses.
Regulatory Approvals and Strategic Context
Completion of the transaction required approvals from bondholders, creditors’ committees, competition authorities in Latvia and Lithuania, the National Land Service, and other stakeholders due to restructuring proceedings and pledged share arrangements.
Global Champs’ group includes AS “Balticovo,” an egg and egg product producer in Northern Europe, and UAB “BOVO GAS,” a biomethane producer. With the acquisition, the group expands into mushroom cultivation, adding to its agri-food portfolio.
Vladimir Mhitarjan, CEO of Global Champs, stated that the group intends to support Baltic Champs’ development through modernization and operational efficiency improvements while maintaining its regional market presence.
The divestment aligns with AUGA Group’s broader restructuring objective of restoring solvency, reducing financial burdens, and ensuring operational continuity.
