Lithuania’s City Service Eyes Warsaw Listing, Verslo Zinios Says

City Service AB (CTS1L), Lithuania’s biggest building maintenance company, may seek to have its shares traded on the Warsaw Stock Exchange (GPW), Verslo Zinios reported, citing Chief Executive Officer Zilvinas Lapinskas.

The Vilnius, Lithuania-based company plans to sign an agreement with Poland’s Treasury Ministry to buy state-owned facility manager Zespol Zarzadcow Nieruchomosci Wam Sp. z o.o. this month and may list its shares in Warsaw, the newspaper said.

Lapinskas did not say whether City Service, which already trades on the Nasdaq OMX Vilnius exchange, would offer new or existing shares to investors, according to the paper.

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net