APPROVAL GRANTED FOR A MERGER IN THE TRAVEL ORGANISATION MARKET
Businessman Neşet Koçkar will be allowed to acquire a 9.99% stake in Novaturas . Combined with the shares he already holds, his total ownership will reach 33.2%, enabling him to assume sole control of the company. The Competition Council has approved the transaction.
SWEDISH COMPANY RELATED TO VILNIAUS DUONA RECEIVES APPROVAL FOR TRANSACTION
The Competition Council has granted permission to Swedish company Lantmännen to acquire 100 % of the shares of the Finnish company Leipurin and, indirectly, 100 % of the shares of the Swedish company Kobia , Leipurin’s subsidiaries registered in Finland, Latvia, Lithuania and Estonia, as well as the Finnish companies LT HC One and LT...
CONCENTRATION PERMITTED FOR COMPANIES RELATED TO THE SALE AND PROCESSING OF WOOD
The Competition Council has granted permission to IKEA Forestry Investment to acquire 100% of the shares of Dasos LT Investment I and Kurzeme Timberland and, indirectly through the latter companies, 100% of the shares of Zemgale Timberland , Dasos LT Investment II and Euroforest 2 and to take sole control of these companies.
KARINA KUČAIDZE-WENCEL HAS BEEN APPOINTED DEPUTY CHAIRWOMAN OF LITHUANIAN COMPETITION COUNCIL
The Chairwoman of the Competition Council, Jolanta Ivanauskienė, appointed Council Member Karina Kučaidze-Wencel as Deputy Chair effective January 15.
PANEVĖŽYS CITY MUNICIPALITY RESTRICTED COMPETITION BY ENTRUSTING WASTE MANAGEMENT TO ITS OWN COMPANY
The Competition Council found that Panevėžys City Municipality had violated the Law on Competition by entering into in-house transactions with a company it controlled.
AFTER TAKING THE COMMITMENTS, THE GERMAN COMPANY WILL BE ABLE TO CARRY OUT THE TRANSACTION IN THE INSURANCE MARKET
The Competition Council has approved the merger of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MRGAM) indirectly through ERGO International AG acquiring 100% of the shares of the insurance company Gjensidige and taking sole control of it. The transaction was approved after the German company committed to sell...
PERMISSION GRANTED TO ICE CREAM MANUFACTURERS TO COMPLETE A TRANSACTION
The Competition Council has allowed the ice cream manufacturer Froneri International Limited to acquire 100 % of the shares of Food Union Luxembourg Group and to obtain its sole control.
ESTONIAN COMPANIES WILL BE ABLE TO CARRY OUT THE TRANSACTION
The Competition Council has allowed Inbank Holdings to acquire 33.43% of Mobire Group shares and take sole control of the company. Prior to this transaction, Inbank Holdings had joint control of Mobire Group together with other shareholders.
EMSI VIOLATED THE LAW ON COMPETITION BY EXPANDING ITS NETWORK OF PETROL STATIONS WITHOUT PERMISSION OF THE COMPETITION COUNCIL
The Competition Council found that the petrol station network operator Emsi took control of four petrol stations without the institution’s authorisation. The company has been ordered to bring the infringement of the Law on Competition to an end and has been fined a total of EUR 1,022,170.
MM GRUPP VIOLATED THE LAW ON COMPETITION BY ACQUIRING CONTROL OF ITS COMPETITOR WITHOUT PERMISSION
Estonian company MM Grupp , which owns the Apollo cinema chain, violated the Law on Competition when it acquired control of Forum Cinemas Lithuania and the Forum Cinemas cinema chain from Odeon Cinemas Group without permission of the Competition Council. The Competition Council imposed a fine of €7,507,930 on MM Grupp and obliged it...
THE COURT: LATVIAN FLOUR AND OTHER PRODUCTS MANUFACTURER WAS REASONABLY DENIED PERMISSION TO ACQUIRE A LITHUANIAN COMPETITOR
Today, the Supreme Administrative Court of Lithuania confirmed that the Competition Council had reasonably refused to grant a permission to carry out a merger to the company Dobeles dzirnavnieks , which intended to acquire 100 percent of the shares of the Lithuanian company Baltic Mill , which owns the flour and other products manufacturer...