Šarūnas Keserauskas, Chairman of the Competition Council (hereinafter – the Council), presented the authority‘s achievements of 2015 to the members of the Cabinet.
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...
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.
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.
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 .
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.
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.
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 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.