COMPETITION COUNCIL CLEARS ACQUISITION OF SC VILNIAUS BALDAI AND JSC CEDUS INVEST SHARES BY INVESTMENT COMPANIES

On 27 May, the Competition Council (the KT) cleared two mergers:

- SC Invalda privatus kapitalas acquired 45.40 per cent of SC Vilniaus baldai shares. With all the shares amounting to 86 per cent, SC Invalda privatus kapitalas gained a sole control of the latter company;

- SC Invalda LT acquired 45.45 per cent of JSC Cedus Invest shares increasing the total amount of already owned shares to 100 per cent.

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