Lithuania’s richest businessman, a 46-year-old Nerijus Numavičius, is managing the activities of Maxima Grupe, a chain of more than 500 stores, from Tallinn, wrote Ärileht.
Maxima Grupe belongs to Vilniaus Prekyba in which Numavičius owns two-thirds of the shares. The reason for the move to Tallinn seems may have been internal dispute among the shareholders of Vilniaus Prekyba.
According to media sources, the internal disputes started several years ago when the company’s former business partner Julius Numavičius who is based in Florida filed an EUR 120m lawsuit against the company and requested that the court seizes EUR 9m worth of assets belonging to Nerijus Numavičius.
The court in Vilnius ruled last week that no seize was necessary because Nerijus Numavičius has sufficient assets to cover the claim.
Ärileht reported this week that Lithuania’s richest businessman, a 46-year-old Julis Numavičius is claiming, among others, that Vilniaus Prekyba entered into several fictious transactions in 2010 as a result of which holdings in several related companies ended up at the ownership of Vladislavas Numavičius, his father.
Nerijus Numavičius is the richest businessman in the Baltic states who is estimated to be worth more than a billion euros.