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.
