Eurocash1 said that the deal will be closed after both sides finalize the technical and commercial details. The Latvian company is planned to be merged into the group and renamed in the fall.
The Eurocash1 Group last year posted over 13.5 mln euros in revenue, including 9.3 mln euros in Lithuania and 4.2 mln euros in Latvia.
Saugos Investiciju Biuras, a company controlled by Tomas Liubertas and Alvydas Sadeckas, own 50.1% of shares in Eurocash1 and NDX Energija holds the remaining 49.9%. Nerijus Numavicius is the largest indirect shareholder of NDX Energija.
