Avia Solutions Group (ASG), which unites a group of Lithuanian aviation companies and is indirectly controlled by entrepreneur Gediminas Ziemelis, has bought 100% in the Ukrainian company Dniprotranslogistics LLC, which provides transportation services. According to a report by ASG on the Warsaw Stock Exchange, the direct buyer was BAA Simulators UAB, the final purchase price will be reported next week, but it is likely that it will not exceed $4 million.
According to him, the business of the acquired enterprise will be developed by another subsidiary company of ASG – Baltic Ground Service UA LLC (Kyiv), engaged in refueling aircraft, in which ASG owns 50% and control over the activities.
According to the state register, BAA Simulators already owns 100% of Dniprotranslogistics, whereas previously it belonged to co-owners of Dnipro Agro Group Vasyl Astion, Yevhen Astion and Mykhailo Koshliak. The company has been recently re-registered from Dnipro to Kyiv.
Dniprotranslogistics for a while managed a large fleet of Interleaseinvest, purchased for EBRD funds, but then this activity was terminated.
Avia Solutions Group owns more than 30 companies all over the world. Approximately 3,000 specialists work in Lithuania and representative offices in the United States, Britain, Poland, Serbia, Estonia, Russia, Thailand and Indonesia, as well as in other divisions in Europe and Asia.
