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COMPETITION COUNCIL PERMITTED UAB LUKTARNA TO TAKE ON LEASE 73 FUEL STATIONS OWNED BY UAB LUKOIL BALTIJA
22 07 2016

The Competition Council cleared a merger whereby UAB Luktarna took on lease 73 fuel stations owned by UAB Lukoil Baltija for five years, with possibility of extension. Having received the Competition Council‘s preliminary assessment, UAB Luktarna withdrew its intention to rent the remaining three fuel stations and, thus, avoided possible...

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COMPETITION COUNCIL‘S PRELIMINARY FINDINGS: UAB  CONCRETUS MATERIALS, UAB VILNIAUS BETONAS AND UAB GG INVESTMENT PROVIDED INCOMPLETE INFORMATION NECESSARY FOR MERGER EXAMINATION
01 07 2016

The Competition Council found that UAB Concretus Materials together with UAB Vilniaus betonas and UAB GG Investment (hereinafter – Companies) failed to provide complete and accurate information for the examination of a merger whereby UAB Concretus Materials intended to acquire up to 51 per cent of AB Akmenės cementas shares.

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COMPETITION COUNCIL: MERGER BETWEEN CLASSIFIED ADS WEBSITES RESTRICTED COMPETITION
06 05 2016

On 6 May 2016, the Competition Council (hereinafter – KT) prohibited a merger whereby in 2014  AS Eesti Meedia  acquired 100 per cent of  AllePAL OÜ  shares. KT found that the merger restricted competition in the Lithuanian markets of classified ads for real estate and vehicles.  

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COMPETITION COUNCIL CLEARS ACQUISITION OF DANSKE BANK A/S LIETUVOS FILIALAS BY AB SWEDBANK AND UAB SWEDBANK LIZINGAS
22 03 2016

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 .

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NEW MERGER NOTIFICATION AND EXAMINATION PROCEDURE CAME INTO FORCE IN LITHUANIA
07 01 2016

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.

SUPREME COURT UPHELD COMPETITION COUNCIL‘S DECISION TO SANCTION LUKOIL BALTIJA FOR NON-NOTIFIED MERGERS
22 12 2015

The Supreme Administrative Court of Lithuania (the Court) upheld the Competition Council‘s (KT) decision as of April 18, 2013 to impose a fine of 341 057 EUR on JSC  Lukoil Baltija  for implementing non-notified mergers.

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COMPETITION COUNCIL PROHIBITS MERGER BETWEEN MALT PRODUCERS
16 10 2015

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.

COMPETITION COUNCIL INTRODUCES CHANGES TO MERGER NOTIFICATION PROCEDURE
14 08 2015

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.

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