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TWO SAUDI ARABIAN KINGDOM COMPANIES RECEIVED PERMISSION TO CARRY OUT A MERGER
Saudi Arabian Oil Company will be able to acquire a 22.5% share in Rabigh Refining and Petrochemicals Company (in addition to the 60% it already owns in total) and acquire sole control of the company. The transaction between the two Saudi Arabian companies was cleared by the Competition Council.
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THE COMPETITION COUNCIL IDENTIFIES FOUR SECTORS TO PRIORITISE THIS YEAR
Energy, defence, retail trade, and digital markets – these are the sectors that the Competition Council has designated as priorities for 2025. The Authority plans not only to monitor developments in these markets but also to take proactive investigative and preventive actions, conduct educational initiatives, and collaborate with other...
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COMPETITION COUNCIL STARTS ITS SUPERVISORY FUNCTIONS FOR DIGITAL MARKETS
Following the entry into force of the Law on the Supervision of Online Intermediation Services and Online Search Engines, as of 1 January 2025, the Competition Council will take on new supervisory functions for online platforms.
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RESTRICTED COMPETITION BETWEEN DISTRIBUTORS HAS PREVENTED CONSUMERS FROM GETTING CHEAPER HEAT PUMPS
The Competition Council found that Iglu Tech , a manufacturer of heat pumps, had restricted competition among its distributors by fixing the resale prices of its products to be charged to the end-users by the companies that distributed heat pumps throughout Lithuania. As a result, Iglu Tech and its holding company, Unit Invest , were jointly...
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COURT: THE COMPETITION COUNCIL RIGHTLY DETERMINED THAT NOTARIES’ AGREEMENT RESTRICTED COMPETITION
The Supreme Administrative Court of Lithuania (Court) confirmed the findings of the Competition Council’s investigation, establishing that the Lithuanian Chamber of Notaries restricted competition among notaries and violated both the Competition Law and the Treaty on the Functioning of the European Union (TFEU). An expanded panel of judges,...
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THE UNDERTAKINGS' ANTI-COMPETITIVE AGREEMENT DENIED CONSUMERS LOWER PRICES FOR FOOD SUPPLEMENTS AND COSMETICS
The Competition Council found that Giantera , the official representative of the Dr. Ohhira brand in Lithuania, and 19 distributors of its products had agreed not to sell food supplements and cosmetic products at prices lower than the supplier's prices, and not to offer discounts and promotions to consumers. The companies were fined a total...
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THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT WILL BE ABLE TO IMPLEMENT THE TRANSACTION
The European Bank for Reconstruction and Development (EBRD) will be able to acquire joint control of Green Genius International , a Dutch renewable energy company, together with its existing shareholders, Modus Grupe and MG NL Holding . The merger has been cleared by the Competition Council.
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A HYGIENIC PAPER PRODUCER WILL BE ABLE TO CARRY OUT THE TRANSACTION
The Competition Council has cleared the Polish company Velvet Care 's acquisition of 100 % of the shares of Private Label Tissue and Italian Paper and taking sole control of them.
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THE COMPETITION COUNCIL WILL NOT INITIATE AN INVESTIGATION INTO THE ACTIONS OF GO3 BALTICS
The Competition Council has decided not to initiate an investigation into the actions of the company Go3 Baltics , as it would not align with the institution's priority to conduct investigations that significantly contribute to the protection of effective competition, thus ensuring the highest possible consumer welfare.
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RELEVANT COMPETITION LAW ISSUES WERE DISCUSSED AT THE INTERNATIONAL CONFERENCE
Association activities and the regulation of digital markets were the focus of the traditional Baltic Competition Conference in Vilnius, which brought together competition law, economics and other professionals from several countries in the region.
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THE COMPETITION COUNCIL AND ITS PARTNERS WILL IMPLEMENT A PROJECT ON DIGITAL MARKETS
The Competition Council, together with the Polish and Latvian competition authorities and the Organisation for Economic Co-operation and Development (OECD), will implement the European Union (EU) technical assistance project "Competition Market Study: Digital Sector – Poland, Latvia and Lithuania" to help ensure competitiveness in the digital...
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THE COMPETITION COUNCIL CLEARS TRANSACTION FOR ESTONIAN COMPANIES
Aktsiaselts Infortar will be able to acquire 21.71% of the shares in Aktsiaselts Tallink Grupp, together with the existing shares for a total of 68.47%, and take over sole control of it. The transaction has been cleared by the Competition Council.