© DELFI / Kiril Čachovskij

Small shareholders of Achema Group, Lithuania's biggest fertilizer producer, have asked court to force the company to buy out their 25% stake in the company.

The small shareholders, who have failed to agree with the company's majority owner Lyda Lubienė, want €150 million for their shares.

Tadas Kaminskas, representative for Marija Kaminskienė who owns a 7% stake in the group, has told Verslo Žinios there is a precedent for the demand.

"Last week, the court accepted the lawsuit from several small shareholders: the Žadeikai family, Jonas Sirvydis, my mother Marija Kaminskienė, Tautvydas Misiūnas," Kaminskas said.

"They turned to court over violation of their rights when the group was buying out its shares and created exclusive conditions for another small shareholder, Faustuas Kriaučionis, to sell his stake."

Achema Group has enough liquid assets to buy out the €150-million stake from its shareholders, Kaminskas added.

ECIU to pilot ground-breaking university model

The European Consortium of Innovative Universities (ECIU), of which Kaunas University of Technology...

Lithuania regrets decision that opens way for unilateral return of Russian delegation to PACE

The Ministry of Foreign Affairs of Lithuania expresses its regret regarding the resolution of the...

Russia to issue free e-visas to Lithuanians and other foreigners visiting Kaliningrad region

Moscow has formally notified Vilnius that Lithuanians will be able to travel to Russia's Baltic Sea...

1st thing to do in case of Astravyet's accident

The first thing people should do in case of an accident at the Astravyets nuclear power plant in...

MP's party membership suspended due to internal violations

The opposition conservative Homeland Union – Lithuanian Christian Democrats on Tuesday decided to...