COMPETITION COUNCIL CLEARS ACQUISITION OF JSC KETURI KAMBARIAI BY LITHUANIA SME FUND KŪB

On 6 May, the Competition Council (the KT) cleared acquisition of 18.34 per cent of JSC Keturi kambariai shares by Lithuania SME Fund KŪB. All in all, Lithuania SME Fund KŪB will own 59.07 per cent of JSC Keturi kambariai shares and, thus, acquire a sole control of the latter company.

Lithuania SME Fund KŪB is a venture capital fund that invests into small and medium size companies based in Lithuania.

JSC Keturi kambariai controls a coffeehouse chain Coffee Inn selling coffee drinks and snacks.

Having evaluated all the circumstances related to the merger, the KT acknowledged that the intended merger will not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.