Economia
AUGA group, RAB creditors approved AUGA group's draft restructuring plan
The Meeting voted on the August 11, 2025 version of the draft plan, which came as a result of numerous consultations with creditors. In addition to four strategic groups of action, it also provides for greater involvement of creditors in the management of the Company, granting the creditors an opportunity to nominate no less than two candidates to the Company’s independent Board, nominations stemming from the largest representatives of mortgage and unsecured creditor groups respectively, as well as to form a Creditors Committee, which would actively participate in the implementation of four strategic measures for settling accounts with creditors and restoring the viability of the Company.
"I am sincerely grateful to our creditors for their trust and for giving us the opportunity to fully settle our debts within the planned period. Our restructuring plan has convinced the vast majority of creditors, and the support we have received today is only the beginning – the most important thing is for the plan to be implemented responsibly and consistently. We believe in both the potential of our dairy and crop farming businesses and the ability of our team to implement change. We also appreciate the constructive cooperation with creditors, which will be extremely important throughout the process – their insights and participation will help us make responsible and effective decisions. By working together, we can achieve our goal and implement the restructuring plan within the expected timeframe," says Kęstutis Juščius, Chairman of the Board of AUGA group.
On 19th August, 2025, this draft plan will be submitted to the Vilnius Regional Court for approval.
Contacts:
CEO of AUGA group, AB, undergoing restructuring
Elina Chodzkaitė - Barauskienė
+370 5 233 5340
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti