Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Viciunai Group was established in 1991. The company is one of the largest and economically powerful producers of crab taste sticks, surimi products and fish in Europe. The group trades under the brand name „VICI“ in more than 61 countries around the world. Viciunai Group consists of 80 companies in 21 countries. The group employs more than 5000 enthusiastic people across its 9 processing sites.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
435
Assets(RF), mln.USD
163
Capital(RF), mln.USD
86
Staff(RF), 2021
1848

Vičiūnai Group factory in Kaliningrad is considered to be one of the largest Lithuanian business investments in Russia.

The Company Statement
April 22, 2024

Selling Russian operations and exiting Russia but returned supply of raw materials in RF as "it was a condition of the buyer". Viciunai continue their business as usual in Russia without any reductions despite their statements, attempt to exit Russia. Dragging feet on exiting Russia despite announcement. Viciunai successfully defends Russian trademark in court. NACP added Viciunai Group to the list of international war sponsors. The Lithuanian company Vičiūnai supplied Russia with sanctioned goods, in particular, for the production of tanks. Lithuanian surimi producer Viciunai Group has found a buyer for its Russian business almost two years after announcing its exit from the country. The Russian authorities have approved the agreement on the transfer of 100% ownership of Vicunay-Rus LLC, the Russian division of the company, to the management company Ocean Group, which was established in June 2023. Also, the company gives up rights to "VICI" trademark in region. 04.2024: JSC "MANAGEMENT COMPANY "OCEAN GROUP" becomes the new founder of the organization. The entry about the founder of JSC "VICIUNAI GROUP" was removed from the Unified State Register of Legal Entities. The "Vičiūnai Group" despite sale of the local company transported sanctioned and war-appropriate goods to Russia.

April 26, 2024LLC "BALTKO" - Moscow - General Director Sadovnikov S. O. - TIN 7707328335
April 18, 2024LLC "VICIUNAI-RUS" - Sovetsk - General Director Bakina N. V. - TIN 3911008930
April 12, 2024The Lithuanian company Vičiūnai supplied Russia with sanctioned goods, in particular, for the production of tanks
April 09, 2024The "Vičiūnai Group" company transported sanctioned and war-appropriate goods to Russia
April 08, 2024Viciunai Group has reportedly found a buyer for its Russian business
April 05, 2024Viciunai’s Russian arm made €12.8m in 2023 as search for buyer continues
January 04, 2024Still feeding the aggressor: NACP added Viciunai Group to the list of international war sponsors
January 04, 2024Viciunai Group - International sponsor of war | War and sanctions
January 04, 2024Feeding the aggressor: Corruption Prevention Agency adds food manufacturer Vici to list of international sponsors of war
November 30, 2023VICI has already stated that their plant in the Russian Federation “will not close”
August 15, 2023Viciunai successfully defends Russian trademark in court
April 17, 2023Matijošaitis now says he has no idea when "Vičiūnai" will leave Russia: it was supposed to be April 7, but so far it's quiet
March 05, 2023Kaunas mayor vows that his business will exit Russian market
September 27, 2022Vičiūnai Group, which is still operating in Russia, does not want to open up about employee mobilization and claims to have "important business challenges"
July 18, 2022The position of "Viciunai Group" regarding the termination of business relations with Russia
June 20, 2022Viciunai Group will sell the entire business package in Russia to the chosen buyer
May 18, 2022Viciunai Group advisors have compiled a long list of potential business buyers in Russia, including more than 30 companies
April 06, 2022The Lithuanian product manufacturer Viciunai Group will leave the Russian market
March 15, 2022OFFICIAL NOTICE OF VICIUNAI GROUP ON TERMINATION OF BUSINESS IN RUSSIA
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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