GERMAN INSURANCE COMPANY HAS FULFILLED ITS COMMITMENTS
The Competition Council has determined that the German company Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MRGAM) has properly fulfilled its commitment to transfer all carrier liability insurance contracts of Gjensidige which it had indirectly acquired through ERGO International AG .
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...
AMENDMENTS TO THE LAW ON COMPETITION REDUCING FINES HAVE ENTERED INTO FORCE
On 1 May, amendments to the Law on Competition entered into force, reducing the base amount of fines imposed for infringements by half. In this context, the Government approved an updated Rules for Determining the Amount of Fines for Infringement of the Law on Competition.
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.
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...