Hidroprojektas UAB
Sale date:
2008 year
Company activity:
Designing and consultations
Invested:
€0.7 million (2001)
Dividends received:
€2.6 million
Sales amount:
€2.5 million
The controlling interest of Hidroprojektas UAB was acquired for EUR 0.7 million from mlnor shareholders in 2001-2002. The company was then largely restructured which involved material changes in the management of the company and the employee incentive system, and other efficiency-driven developments. During the years of management of Hidroprojektas, its shareholders were disbursed about EUR 2.6 million in dividends. Early in 2008. the company was for EUR 2.5 million sold to SWECO Group which is engaged in the strategic business of designing and consultation.