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UAB KONCERNAS ACHEMOS GRUPĖ SUSPECTED OF HAVING IMPLEMENTED UNNOTIFIED MERGER

The Council completed an investigation into suspected unnotified merger by koncernas Achemos grupė. According to the Council‘s preliminary findings, in 2013 koncernas Achemos grupė acquired sole control of UAB Jūros vartai and AB Klaipėdos laivų remontas and by doing so implemented unnotified merger.

In 2014 the Council cleared the merger whereby koncernas Achemos grupė acquired 50 per cent of UAB Jūros vartai shares and 18,46 per cent (together with the currently owned shares – 37,79 per cent in total) of UAB Klaipėdos laivų remontas shares and sole control of both companies. During the examination of merger notification the Council found that koncernas Achemos grupė might have implemented a merger prior to its notification to the Council. As a result, the Council opened an investigation, the preliminary findings of which showed that Achemos grupė did fail to notify the merger to the Council and obtain clearance.