On September 5 the Council cleared the acquisition of 23 per cent of UAB 1ClickFactory shares and joint control by the Netherlands-based The IT Channel Company from UAB Volternas and the Danish company Sfink Invest .
The Competition Council found that having acquired about 51 per cent of Vievio paukštynas shares and gained control over the company, Kauno grūdai implemented unnotified merger. For the infringement of the Law on Competition, the Council fined Kauno grūdai EUR 947,700.
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 ,...
Lithuanian Competition Council (the Council) announced that the new Merger Notification and Examination Procedure (the Merger Procedure) had come into force on 1 January 2016. As of that date, all merger notifications must be submitted in line with the new Merger Procedure.
Vilnius Administrative Regional Court upheld the decision by Lithuanian Competition Council’s to fine Gazprom for the failure to comply with merger conditions and market foreclosure.
Competition Council introduced changes to merger notification procedure made following discussions with business and legal communities, EC recommendations and the Council‘s current practice. The new merger notification procedure will come into force on 1 January 2016.
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 .