MM GRUPP ORDERED TO SELL ONE OF ITS APOLLO CINEMAS IN THE CAPITAL AFTER FAILING TO OBTAIN CLEARANCE FROM THE COMPETITION COUNCIL
The Competition Council has refused to clear the transaction whereby Estonian company MM Grupp , operating the Apollo cinema chain, acquired a cinema in Vilnius Akropolis shopping centre from its competitor Forum Cinemas Lithuania . MM Grupp has been ordered to restore the previous situation or eliminate the effects of the merger by...
COMPANIES TRADING IN REFRIGERATION, VENTILATION AND HEATING EQUIPMENT WILL BE ABLE TO PROCEED WITH THE CONCENTRATION
Beijer Ref, a Swedish company and one of the world’s largest wholesalers of refrigeration equipment, will be able to acquire 90% of the shares in the Lithuanian company Refra and takeover of its sole control. This transaction was approved by the Competition Council.
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.
DELFI OWNER GRANTED PERMISSION TO ACQUIRE COMPANIES MANAGING OUTDOOR ADVERTISING SPACE
The Competition Council has granted permission to Ekspress Grupp to acquire, indirectly via LT Screens , 100% of the shares in LT Advert and to take sole control of it, as well as to acquire sole control of the companies Pakelk akis and Dizarto reklama through LT Advert.
APPROVAL GRANTED FOR FOOD SERVICE SECTOR TRANSACTION
The Estonian company Apollo Group will be able to acquire 100% of the shares in Restoranai dvylika and CCF kavinės and assume joint control of these companies. The Competition Council has approved the transaction.
APPROVAL GRANTED FOR THE MERGER INVOLVING GAMBLING, LOTTERY, AND BETTING COMPANIES
The Czech company Fortuna Entertainment Group will be able to acquire 70% of the shares in Top Sport and Top Loto , and, together with Confluence Investment and Alda Holding , assume joint control of these companies. The Competition Council has approved the transaction.
COMPANIES PROVIDING AIRCRAFT MAINTENANCE SERVICES WILL BE ABLE TO PROCEED WITH THE TRANSACTION
The Competition Council has approved the acquisition by the U.S. company Setna iO of a 70.37% stake in J&C Aero and the takeover of its sole control.
APPROVAL GRANTED FOR A MERGER IN THE INFORMATION TECHNOLOGY SECTOR
The Competition Council has granted permission to the Norwegian investment company Hawk Infinit y to acquire, indirectly through the special purpose undertaking HIH VI , 85% of the shares in the Lithuanian company Raso and to take sole control of it.
THE OECD RECOMMENDS PROMOTING COMPETITION IN DIGITAL MARKETS AND ENSURING THEIR OPENNESS
The Organisation for Economic Co-operation and Development (OECD), together with the Lithuanian Competition Council and the competition authorities of Poland and Latvia, has completed the nearly two-year European Union technical assistance project “Competition Market Study: Digital Sector – Poland, Latvia and Lithuania” and presented...
KEY RESULTS OF THE INSTITUTION’S 2025 ACTIVITIES PRESENTED AT THE SEIMAS COMMITTEE ON ECONOMICS AND INNOVATION
The Chairwoman of the Competition Council, Jolanta Ivanauskienė, presented the institution’s 2025 annual report at a meeting of the Seimas Committee on Economy and Innovation and answered questions from members of parliament.
PERSONS PROVIDING SIGNIFICANT INFORMATION ABOUT INVESTIGATIONS ALREADY BEING CONDUCTED BY THE COMPETITION COUNCIL MAY RECEIVE A MONETARY REWARD
The Competition Council invites persons who possess information about the institution’s ongoing investigations in the dairy processing and coffee machine distribution sectors to contact its experts. Whistleblowers may receive rewards of up to EUR 100,000 for providing evidence and valuable information.
THE EUROPEAN COMMISSION AWAITS EXPLANATIONS FROM LITHUANIA REGARDING THE ADOPTED AMENDMENTS TO THE LAW ON COMPETITION
The European Commission (EC) has officially contacted several Lithuanian institutions, informing them that the amendments to the Law on Competition, which entered into force on 1 May of this year and significantly reduce fines for violations of competition law, may be contrary to the provisions of European Union (EU) law. The institutions have...