AUTHORISATIONS ISSUED TO IMPLEMENT CONCENTRATION

In its meeting the Competition Council examined the notifications on intended concentrations and passed decisions in respect of the issues considered.

1. Decision to authorise AB „VITI“ to implement concentration by acquiring up to 100 % holding of AB „Spauda“ in accordance with the submitted notification. It has been established that the intended concentration will not result in the creation or strengthening of a dominant position or a significant lessening of competition in the relevant markets.

2. The Competition Council decided to authorise the Finish bank Evli Bank Plc to implement concentration by way of purchase of 40 % shares AB Panevėžio statybos trestas in accordance with the submitted notification. It has been established that the concentration implemented by Evli Bank Plc by acquiring shares of AB Panevėžio statybos trestas will not result in any change in the degree of concentration in the relevant markets, therefore no dominant position will be created or strengthened, neither any restriction of competition will result in the construction markets. As indicated in the submitted notification Evli banko group is acquiring the shares of Panevėžio statybos trestas for investment purposes.