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COMPETITION COUNCL CLEARS ACQUISITION OF 20 PER CENT OF EESTI MEEDIA SHARES BY UP INVEST

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On 23 July, the Competition Council allowed UP Invest OÜ  to acquire 20 per cent of AS Eesti Meedia  shares (all UP Invest OÜ  shares together with already owned ones will amount to 70 per cent) and, thus, acquire sole control of the latter company.

Having evaluated all the circumstances related to the merger, the Council acknowledged that the intended merger will not create or strengthen the dominant position, or significantly restrict competition in the relevant market.