COMPETITION COUNCIL CLEARED ACQUISITION OF 100 PER CENT OF UAB G9 HOLDING SHARES BY UAB LORDS LB ASSET MANAGEMENT

24 10 2017
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The Competition Council cleared the acquisition of 100 per cent of UAB G9 Holding shares and sole control by the company Lords LB Asset Management.

On September 26 the Competition received merger notification. Having evaluated the circumstances related to the transaction, the Council acknowledged that the intended merger will not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.

The main activities of Lords LB Asset Management include the establishment and management of collective investment undertakings.

The undertakings related to G9 Holding, which invests in the shares of other companies, are engaged in real estate lease.

The intended merger must be notified to the Competition Council and clearance must be obtained if the combined aggregate income of merging parties in the business year preceding the merger exceeds EUR 14.5 million and the aggregate income of each of at least two merging parties in the business year preceding the merger exceeds EUR 1.45 million.