Akola Group takes 51% controlling stake in bubble tea maker OMG Bubble Tea
Lithuania's Akola Group bought 51% of UAB OMG Bubble Tea and took control of the company. The deal value was not disclosed, Reuters reported.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Lithuanian group AB Akola Group has acquired a 51% stake in UAB OMG Bubble Tea, gaining control of the natural bubble tea producer. The parties have not disclosed the transaction value by mutual agreement. Akola's Deputy CEO for Finance and Investments, Mažvydas Šileika, said the group will contribute expertise in financial management, manufacturing, export development and corporate governance.
OMG Bubble Tea was founded in 2022 and exports about 97% of its output to France, Germany, the United Kingdom and other European countries. Its 2025 financial year sales reached EUR 9.5 million. The founders will remain in management, and Akola will appoint three of the five board members.
why it matters
The deal is small by market standards and involves a private company, so it is unlikely to move major assets. For Akola Group, it extends its strategy of investing in high-growth businesses into functional beverages.
tags
sources
- Akola Group Acquires Control Of Bubble Tea Maker OMG Bubble Tea — Reuters, 19 October 2026 at 06:42 UTC
- AB Akola Group Increases Its Investment in OMG Bubble Tea and Acquires a Controlling Stake — globenewswire.com, 19 October 2026 at 06:40 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗