One of the largest agricultural commodity producers Agrowill Group AB is not only restructuring it‘s operations, processes and increasing efficiency, but also increases the size of the Group. So far Agrowill Group Group Company AVG Investment UAB indirectly owns 68 percent of Panevėžys district agricultural company „Gustoniai“ (hereinafter - Gustoniai). However, the Group balance sheets to date do not reflect the acquired companies assets and liabilities. The Group, in spite of owning the controlling package, so far was unable to fully control agricultural company. Currently there are several civil disputes in Courts, where unfair actions of earlier management are being questioned, because of which the Group was not able to execute control over the acquired agricultural entity. After several years in various litigation proceedings, the Court appointed a designated administrator to manage the Company and removed former manager Mindaugas Kazlauskas. Panevėžys district agricultural company „Gustoniai“ works about 1.200 hectares of land and manages about 150 dairy herd. "We hope that eventually all investors will have equal rights to manage and vote in shareholder meetings according to their respective share holdings. Agrowill Group AB will use its best efforts to protect this investment and push for former Gustoniai management's decisions to reviewed, and thus increase the shareholders' equity"- commented Agrowill Group AB Board member Domantas Savičius. Agricultural entities corporate governance, as distinct from ordinary companies, has certain characteristics. The subject which acquires agricultural companies shares has to be approved by the company's management, in order to be a full member of the shareholders. Earlier management of Gustoniai abused this power for more than four years so, the Group had to go to the Courts to defend it's rights and obtain the management rights of Gustoniai. About Agrowill Group AB: One of the biggest in the Baltic countries agricultural investment and development company Agrowill Group AB in Lithuania is the only centrally managed agricultural production company. Currently Agrowill Group process and manages about 33 thousand hectares of arable land and more than 3,5 thousand dairy herd. Agrowill Group and the company's subsidiaries employ over 400 skilled workers. As Lithuania and whole world encountered the economic crisis in late 2008, the Group was faced with short-term cash flow problems and in agreement with the main creditors asked the court for the restructuring proceedings to be applied in order to regulate the flow of funds. During the 2009 the Group reduced its staff number from 800 to 400, the total administrative costs fell more than LTL 1 million a month. Additionally in 2009, the Group conservatively estimated stocks and made all necessary provisions, which resulted in LTL 48 million net loss. Year 2010 is expected to be profitable for the Group, but more accurate forecasts will be published separately soon after the spring sowing. The largest Agrowill Group AB shareholders are investment company INVALDA AB, Linas Strėlis and ŽIA valda UAB. The Company's shares are quoted on the Vilnius Stock Exchange.