The Supreme Administrative Court of Lithuania (Court) denied Gazprom’s (Company) application to renew court proceedings and upheld the Competition Council’s decision, according to which the Company breached merger condition.
On December 22 the Supreme Administrative Court of Lithuania (hereinafter – SACL) upheld the Competition Council‘s (hereinafter – Council) decision of 2014 whereby Gazprom received a fine of more than EUR 35 million – Gazprom created obstacles for AB Lietuvos energijos gamyba to purchase natural gas from other supplier.
On 18 August the Competition Council (hereinafter – Council) cleared the acquisition of 100 per cent of BTA Baltic Insurance Company AAS (hereinafter – BTA ) shares by VIENNA INSURANCE GROUP AG (hereinafter – VIG ) on condition that VIG will sell the part of business of Compensa Vienna Insurance Group ,...
The Competition Council cleared the acquisition of part of the assets, rights and obligations of Danske Bank A/S Lietuvos filialas by AB Swedbank and UAB Swedbank lizingas .
On 15 October, Competition Council (further - the Council) prohibited acquisition of 100 per cent of Maltosa shares by Viking Malt Oy . The Council found that the merger will restrict competition in the market of pilsen malt production.
On 23 July, the Competition Council cleared acquisition of 15 per cent of AMBERWIND shares by Kamineros grupė . The latter company together with Stemma Group and ENERCON INDEPENDENT POWER PRODUCER GmbH gained joint control of AMBERWIND.
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.
On 23 July, the Competition Council cleared acquisition of 50 per cent of Banga plius shares by CATUS . The latter company together with Esama gained joint control of Banga plius .