On Sept. 22, 2025, Akropolis Group UAB announced it has agreed to acquire 100% of Galio Group UAB, a real estate company in the Baltics, increasing its assets base by about 30% with an expected closing in the next few days Although this acquisition would slightly weaken Akropolis' credit metrics over the coming 12 months, we think it would also strengthen its portfolio scale and segment diversity. We therefore maintained our assessment of Akropolis' stand-alone credit profile (SACP) at 'bb+'. Based on that, we affirmed our 'BB+' issuer credit and issue ratings on Akropolis and the company's senior unsecured debt. The rating on Akropolis is in line with our rating on Maxima Grupe UAB, Vilniaus Prekyba's (VP group's) main subsidiary.
