GERMAN COMPANIES WILL BE ABLE TO CLOSE THE TRANSACTION

The Competition Council has authorised PreZero Automotive Holding to acquire 100 per cent of the shares in Autorecycling Kempers and to take sole control of the company.

The merger notification was received on 13 August 2026. Having assessed the circumstances of the transaction, the Competition Council has concluded that the proposed merger will not result in the creation or strengthening of a dominant position or significant restriction of competition in the relevant markets.

Companies affiliated with the German holding company PreZero Automotive Holding in the European Economic Area and other countries around the world provide integrated waste management services, manufacture food products, bottle mineral water and soft drinks, sell digital and information technology products, provide information technology-related services and operate the Lidl retail chain. In Lithuania, Lidl Lietuva, which is affiliated with the company, sells everyday consumer goods in non-specialist shops.

Autorecycling Kempers in Germany recycles and disposes of end-of-life, damaged and prototype vehicles, as well as high-voltage batteries; it trades in scrap metal, recycled raw materials and other metals; and handles the logistics associated with these activities. Through its online sales platform, the company distributes certified used car spare parts to B2B (business-to-business) and B2C (business-to-consumer) customers in various countries, including Lithuania.

The intended merger must be notified to the Competition Council and cleared if the combined total revenues of the undertakings involved in the concentration in Lithuania in the last year before the merger exceed EUR 20 million and the total revenues of each of at least two undertakings involved in the concentration in Lithuania in the last year before the merger exceed EUR 2 million.