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.
VEHICLE SPARE PARTS SUPPLIERS THAT PRETENDED TO COMPETE IN PUBLIC PROCUREMENT PROCEDURES ADMIT BREACHING THE LAW ON COMPETITION
The Competition Council found that the company Manado and the small partnership Parts Ready had formed a cartel in public procurement procedures for vehicle spare parts: they coordinated their actions and commercial offers, including the price of parts. As the companies admitted having violated the Law on Competition, their fines were...
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.
MONIKA RAŽUKAITĖ BEGINS HER TERM AS A MEMBER OF THE COMPETITION COUNCIL
Today, Monika Ražukaitė took up her position as a member of the Competition Council. She was appointed to the Competition Council for the tenure of six years by President Gitanas Nausėda, in accordance with the Constitution, the Law on Competition, and considering the nomination submitted by Prime Minister Inga Ruginienė.
AS LIETUVOS PAŠTAS PLANS TO CHANGE ITS PRICING, THE COMPETITION COUNCIL WILL NOT LAUNCH AN INVESTIGATION INTO THE COMPANY’S ACTIONS
The Competition Council has decided not to initiate an investigation into the possible abuse of a dominant position by Lietuvos paštas , having found insufficient evidence that the company may have breached commitments it undertook several years ago. Such an investigation would also not correspond to the institution’s enforcement priorities, as...
SEIMAS APPROVED REDUCTION OF FINES FOR VIOLATIONS OF THE LAW ON COMPETITION
Today, the Seimas adopted amendments to the Law on Competition (the Law) prepared by business organisations, which halve the base amount of fines imposed on offenders.
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.
GROUPS OF COMPANIES PROVIDING ELECTRONIC GRADEBOOK AND LEARNING PLATFORM SERVICES TO EDUCATIONAL INSTITUTIONS FORMED A CARTEL
The Competition Council has established that two groups of companies, which a few years ago were offering different electronic gradebooks and several digital learning platforms to educational institutions, formed a cartel and divided these business areas between themselves to avoid mutual competition. After the groups of companies acknowledged...
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.
