TKM Grupp AS Completes Restructuring of Car Trade in Lithuania, Separating KIA and Škoda Business Lines

Reuters

2025/05/29

TKM Grupp AS Completes Restructuring of Car Trade in Lithuania, Separating KIA and Škoda Business Lines

TKM Grupp AS has completed an intra-group restructuring of its car trade operations in Lithuania. The restructuring, announced on April 7, 2025, involved the separation of the KIA and Škoda business lines managed by its subsidiary TKM Auto OÜ. According to the demerger approval signed on May 22, 2025, UAB KIA Auto transferred the Škoda business line to a newly established company named Motus auto UAB. This division was officially entered into the Lithuanian Commercial Register on May 28, 2025. Raul Puusepp, Chairman of the Management Board of TKM Grupp AS, stated that the restructuring aims to allow for a more efficient focus on operations within the automotive trade segment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TKM Grupp AS published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001099628-en) on May 29, 2025, and is solely responsible for the information contained therein.

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The restructuring, announced on April 7, 2025, involved the separation of the KIA and Škoda business lines managed by its subsidiary TKM Auto OÜ. According to the demerger approval signed on May 22, 2025, UAB KIA Auto transferred the Škoda business line to a newly established company named Motus auto UAB. This division was officially entered into the Lithuanian Commercial Register on May 28, 2025. Raul Puusepp, Chairman of the Management Board of TKM Grupp AS, stated that the restructuring aims to allow for a more efficient focus on operations within the automotive trade segment.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TKM Grupp AS published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001099628-en) on May 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250529:nNDL5Xrl7N:1","article_id":"2539397265","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539397265","pubTimestamp":1748525413,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"TKM Grupp AS has completed an intra-group restructuring of its car trade operations in Lithuania. The restructuring, announced on April 7, 2025, involved the separation of the KIA and koda business lines managed by its subsidiary TKM Auto O. According to the demerger approval signed on May 22, 2025, UAB KIA Auto transferred the koda business line to a newly established company named Motus auto UAB. This division was officially entered into the Lithuanian Commercial Register on May 28, 2025. Raul Puusepp, Chairman of the Management Board of TKM Grupp AS, stated that the restructuring aims to allow for a more efficient focus on operations within the automotive trade segment.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TKM Grupp AS pub","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"NDAQ":"纳斯达克OMX交易所"},"translate_title":"TKM Grupp AS完成立陶宛汽车贸易重组，分离起亚和斯柯达业务线","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDAQ":0.9},"content_text":"TKM Grupp AS Completes Restructuring of Car Trade in Lithuania, Separating KIA and Škoda Business Lines\n    \n\n        TKM Grupp AS has completed an intra-group restructuring of its car trade operations in Lithuania. The restructuring, announced on April 7, 2025, involved the separation of the KIA and Škoda business lines managed by its subsidiary TKM Auto OÜ. According to the demerger approval signed on May 22, 2025, UAB KIA Auto transferred the Škoda business line to a newly established company named Motus auto UAB. This division was officially entered into the Lithuanian Commercial Register on May 28, 2025. Raul Puusepp, Chairman of the Management Board of TKM Grupp AS, stated that the restructuring aims to allow for a more efficient focus on operations within the automotive trade segment.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TKM Grupp AS published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001099628-en) on May 29, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}