AUTHORISATION ISSUED TO IMPLEMENT CONCENTRATION

The meeting of the Competition Council examined the submitted notifications of the intended concentration and passed due resolutions in respect of the issues examined.

1. A decision was passed to authorise Vladimir Romanov to implement concentration by acquiring up to 33 percent of shares of AB „Ūkio bankas“ and up to 100 percent of shares of UAB „Ūkio banko investicinė grupė“ in accordance with the submitted notification. It has been established that the acquisition in question will not cause any changes in the degree of concentration in the relevant markets, no dominant position will be created or strengthened and neither it will cause significant restrictions of competition in the markets for financial services provided by the bank.

2. The Competition Council decided to authorise the Finish company „Kaukomarkkinat Oy“ to implement concentration through the acquisition of up to 100 percent of shares of UAB „Naujųjų maisto technologijų prekyba“ (“Trade in modern food technologies”) in accordance with the notification provided. It has been established that the degree of concentration in the Lithuanian wholesale market for bakery products and confectionery ingredients will not change, and therefore the dominant position will neither be created or strengthened, nor will the concentration in question cause any significant restriction of competition in the market concerned.