News & Media

Oriola MBO completed

On October 18th, 2017, the management team of the Oriola Group companies in the Baltic States completed the management buy-out of the Group business from Oriola Finland Oy. As a result, Oriola Riga SIA, Oriola Vilnius UAB, Oriola AS, Oriola Estonia OÜ and SIA Panpharmacy are co-owned by the current management of the Companies through a holding company SIA Oribalt Group, which is incorporated in Riga, Latvia.

All the afore-mentioned Companies of the SIA Oribalt Group will continue their ordinary course of business, and none of the existing business contracts between Oriola AS and it’s cooperation partners is affected: all contractual rights and obligations, layed down in contracts, will continue on a business usual basis.

The name change from Oriola AS into Oribalt Saue AS will be carried out in six months from the transaction date. We expect further continued improvement of the Group business in the Baltic markets and are confident of future mutually beneficial relationship with our customers.

Published 27 October 2017