Aspo’s subsidiary Leipurin signs a sale and lease back agreement for its property in Lithuania

Aspo Plc
Press release
September 12, 2023, at 3:45 p.m.

Aspo’s subsidiary Leipurin signs a sale and lease back agreement for its property in Lithuania

Aspo’s subsidiary Leipurin has signed a sale and lease back agreement for its office- and warehouse property in Kaunas, Lithuania. The buyer is an entrepreneur operating in the same industrial area in Kaunas.

With this transaction and the signed lease agreement, Leipurin will continue its operations in Lithuania in the same premises. This transaction enables Leipurin's goal to find more suitable premises in Lithuania.

The sale price of the property is EUR 1.1 million and the resulting sales gain is EUR 0.8 million. The agreed leaseback period is up to 24 months and the annual rent will be EUR 132 thousand.

"Leipurin's Lithuanian real estate transaction is a continuation of Leipurin's transformation towards a focused, Nordic ingredient and service company. The goal is to free up cash and to find modern and efficient facilities that are better suited to Leipurin Lithuania's operations”, says Rolf Jansson, CEO of Aspo Group.

Aspo Plc

Further information, please contact:
Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264, rolf.jansson@aspo.com

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Aspo creates value by owning and developing business operations sustainably and in the long term. Our companies aim to be market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these aiming to be forerunners in sustainability. Aspo supports its businesses profitability and growth with the right capabilities. Aspo Group has businesses in 18 countries, and it employs a total of approximately 800 professionals.

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• Aspo’s subsidiary Leipurin signs a sale and lease back agreement for its property in Lithuania