Processing of your personal data

This website might use cookies or other personal data for the purposes of the functioning of the website. Some of these cookies are mandatory, while the other ones only help us to improve your browsing experience and get information on how the website is used.

Privacy message

KONKURENCIJOS TARYBA CLEARS ACQUISITION BY AUTOMOTIVE SALES COMPANIES

13 01 2020
A3.jpg

Konkurencijos taryba cleared the acquisition of 100 per cent and sole control of the Estonian company Veho Eesti AS by the Finnish-based firm Auto-Bon Oy.

On 13 December 2019 Konkurencijos taryba received merger notification. Having evaluated the circumstances related to the transaction, the authority acknowledged that the intended merger would not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.

Through the affiliates registered in Estonia and Finland Auto-Bon Oy is operating in Lithuania as a wholesaler of Hyundai, Suzuki, Ssangyong, Peugeot, Isuzu commercial and passenger cars and spare parts.

Veho Eesti AS is a wholesaler of Citroën brand commercial and passenger cars and spare parts in Lithuania.

The intended merger must be notified to Konkurencijos taryba and clearance must be obtained if the combined aggregate income of merging parties in the business year preceding the merger exceeds EUR 20 million and the aggregate income of each of at least two merging parties in the business year preceding the merger exceeds EUR 2 million.