Vitas Tomkus, the owner of the media group Respublikos Leidiniai, has sold 80 percent of shares in the Lithuanian news agency ELTA.
© DELFI / Andrius Ufartas

GM Media Invest, a company owned by ELTA CEO Gitana Markovičienė, on Wednesday purchased the stake from Tomkus and plans to buy the remaining 20 percent of shares in the near future, the agency said.

The deal was announced last July. Markovičienė, formerly one of the leaders of the Lithuanian Labour Party, was appointed as CEO of ELTA a month later.

GM Media Invest last December purchased the Moteris, Mano Namai, Tavo Vaikas, Cosmopolitan and Panelė magazine publishing business and the websites of these brands from Delfi.

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