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Sale of the “Krasta Auto” companies

The Competition council has approved the deal between “Modus Group” and “Inchcape” regarding the sale of the “Krasta Auto” companies in Vilnius, Kaunas and Klaipeda, which are representing BMW, BMW Motorrad, MINI, and “Rolce Royce” in Lithuania. The transaction was closed on January 31, 2019, and from that day “Krasta Auto”, “Krasta Auto Vilnius”, “Krasta Auto Kaunas”, and “Krasta Auto Klaipeda” became a part of “Inchcape” group.

This completed transaction allows to develop our business at an even higher rate, and to take the automotive business to a next stage. At this moment, we are representing “Porsche”, “Fiat”, “Fiat Professional”, “Alfa Romeo”, “Bentley”, “Jeep” and “Maserati” and etc. brands in Lithuania; “Porsche”, “Seat”, “Hyundai”, “Suzuki”, “Isuzu”, “SsangYong”, FCA group – in Latvia. We will continue to be BMW and MINI importers in Belarus. Of course, we will strive to expand this list – we have a lot of ambitious plans in automotive business, as well as in the fields of renewable energy and mobility. We strive to strengthen the power of these businesses, and invest in things that will be important and relevant tomorrow.

Liudas Liutkevičius, Chairman of ‘Modus Group’ management board

For contacts : +370 5 235 6080

The Competition council has approved the deal between “Modus Group” and “Inchcape” regarding the sale of the “Krasta Auto” companies in Vilnius, Kaunas and Klaipeda, which are representing BMW, BMW Motorrad, MINI, and “Rolce Royce” in Lithuania. The transaction was closed on January 31, 2019, and from that day “Krasta Auto”, “Krasta Auto Vilnius”, “Krasta Auto Kaunas”, and “Krasta Auto Klaipeda” became a part of “Inchcape” group.

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From the 1st of November 2020 – the reorganization of “Krasta Auto Vilnius” LLC and “KRASTA AUTO” LLC by the mode of joining. “Krasta Auto Vilnius” LLC shall cease its activities, and its rights and obligations, including the rights and obligations under the transactions, shall be transferred to “KRASTA AUTO” LLC, which shall continue its activities, and the transactions shall be included in the accounting of “KRASTA AUTO” LLC. “KRASTA AUTO” LLC shall become the controller of personal data processed by “Krasta Auto Vilnius” LLC.

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