Union Grup
‘Union Grup’ is an Albanian Limited Liability Company owned mainly by Edmond and Niko Leka. The two brothers own 70% of the shares, while the remaining 30% are divided between their business partners Varuzhan Piranjani, Gjergji Misha and Eduard Shima in equal shares. ‘Union Grup’ LLC owns or has shares in nine other companies, including the publishing company of the economic weekly ‘Monitor’, Media Union LLC. In December 2005, the two brothers bought 20% of the pay-per-view platform DigitAlb through their company Union Distribucion Servis Albania LLC. ‘Union Grup’ owns also the post service company Albanian Courier, two trade companies Auto Master and United Motors, the telecommunication company Uni-Com, the construction company Uni-Cons and the touristic agency Union Travel Co.
Business Form
Private
Legal Form
Limited Liability Company
Business Sectors
Publishing; Digital Distribution Network (DigitAlb); Postal Service; Trade; Consulting; Tourism; Construction; Telecommunication.
Individual Owner
Varuzhan Piranjani
Varuzhan Piranjani is an Albanian businessman and construction entrepreneur. He is a shareholder of the companies “Union Grup“, „Union Net“ and “Union Financiar Tirane '' founded by Leka’s brothers.
Eduart Shima
Eduard Shima is a business partner of the Leka brothers. He also owns the Poeteka publishing house and the design company, "Intergrafika".
Other Online Outlets
https://www.monitor.al/
Media Business
Publishing
Media Union (70%)
Digital distribution network
DigitAlb (16.80%)
Business
Financial activity
Union Financiar Tirane (70%)
Banking
Union Bank (73.54%)
Construction
Pluton Investor (100%)
ASL Construction 2 (85%)
Uni Cons (70%)
Holding
Arch Investor (85%)
Marketing
E-Business Solution (85%)
Event planning
Expo City (75.21%)
Postal Service
United Transport (100%)
Sports
Automobile Touring Club Albania (76%)
Trade
Auto Master (70%)
Consulting
Union Distribucion Servis Albania (70%)
S-Systems (100%)
General Information
Founding Year
2000
Affiliated Interests Founder
The brothers Edmond and Niko Leka are businessmen and founders of the weekly magazine ‘Monitor’. Edmond Leka started his career as an engineer in KESH, the Albania Power Corporation, before moving to the private sector in 1995 in order to help his brother Niko Leka to expand Western Union in the country. Today, the Leka brothers own a string of companies, with Union Bank considered as the crown jewel. In 2000, Edmond Leka entered the media market by launching the economic weekly ‘Monitor.’ In December 2005, the Leka brothers bought 20% of the pay-per-view platform DigitAlb, through their company Union Distribucion Servis Albania LLC. Today (May 2023) Leka Brothers own 16.80% of the pay per view Digitalb shares through their companies Arch Investor and Union Group LLC. Apart from his business activities, Edmond Leka is the chairman at the Board of Directors of Harry Fultz Institute while his brother is the president of Automobile Club Albania.
Employees
Missing Data
Contact
Rruga "Sulejman Delvina",
Nd.25, H.7, Ap.6, Kodi Postar 1019, Tirana
Tel: +355 676053622
Website: monitor.al
Tax/ ID Number
Media Union (K31609092T); Union Grup (K61527801R)
Financial Information
Revenue (Financial Data/ Optional)
Media Union: 0.66 Mln.. $ / 74 Mln.. Lek
Operating Profit (in Mill. $)
Media Union: -0.01 Mln.. $ / -2 Mln.. Lek
Advertising (in % of total funding)
Missing Data
Management
Other Influential People
has been appointed as CEO of Media Union since January 2021. He is also the general secretary of Automobile Club Albania, ACA, a non-profit organisation directed by Niko Leka. ACA has the exclusive right to organise motorsport races in Albania and has been lately involved in the governmental project of Auto Moto Albania.
a well-known business journalist. She has been in the position of editor in chief of the magazine Monitor for more than a decade.
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Further Information
Meta Data
The ownership structure and financial statement are publicly available on the Albanian National Business Registry. The financial data provided are for 2022. The Central Bank's average exchange rate for 2022 was used to convert the amounts into USD. See sources for more.
