P
aid press release – contact the distributor for inquiries.

    Akropolis Group UAB has secured a EUR 110 million credit line from Swedbank to fund the full acquisition of Galio Group’s shares. The loan, combined with the company’s own capital, will cover just under half of the purchase price, which was set at market value and kept confidential by both parties. The share‑purchase agreement was signed today, and the deal is expected to close shortly.

    Akropolis Group and Galio Group share the same ultimate owners, Nerijus Numa and Ignas Dilys. CEO Gabrielė Sapon said the transaction will broaden Akropolis’s real‑estate portfolio and strengthen its development and management capabilities, creating a new core‑business unit within the Vilniaus prekyba group.

    Akropolis currently operates five shopping and entertainment centres: Akropolis Vilnius, Klaipėda, Šiauliai in Lithuania, and Akropole Riga and Akropole Alfa Riga in Latvia. Galio Group, with nearly two decades of experience, manages commercial and residential projects across the Baltics, overseeing assets worth more than EUR 300 million.

    Post‑acquisition, Akropolis’s portfolio will grow by roughly 30 %, rising from EUR 1.1 billion to about EUR 1.4 billion, and the number of income‑generating properties will expand from five to sixty. The concentration of shopping centres will drop from 96 % to 73 % of the portfolio value, enhancing diversification. Governance of Galio Group will remain unchanged; it will continue developing projects such as reVINGIS and Mosso in Vilnius.

    Financial highlights for 2024: Galio Group reported consolidated revenue of EUR 31 million and EBITDA of EUR 17 million, while Akropolis Group posted revenue of EUR 125 million and EBITDA of EUR 88 million.