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LATVIAN COMPETITION AUTHORITY FINES LITHUANIAN COMPANY VAIZGA FOR UNNOTIFIED MERGER
29 10 2018

The Competition Council of Latvia announced that on April, 2018 it cleared the proposed acquisition of Latvian company Petrol Property by the Lithuanian company Vaizga . As Vaizga failed to submit merger notification before closing the transaction, the Competition Council of Latvia initiated a formal case investigation. The competition...

DANISH COMPANY RECEIVES MERGER CLEARANCE
24 09 2018

The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of 50 per cent of UAB Farmers Circle Danish shares and joint control by the Danish investment company ASGAARD together with the Danish company IDAVANG .

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LATVIAN INVESTMENT FUND RECEIVED MERGER CLEARANCE
13 09 2018

The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of joint control of Freor LT by the Latvian investment fund EuVECA Livonia Partners Fund I together with Rytis Bernatonis.  

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VILNIUS REGIONAL ADMINISTRATIVE COURT UPHOLDS ALMOST EUR 1 MILLION FINE IMPOSED ON KAUNO GRŪDAI
13 06 2018

Vilnius Regional Administrative Court has rejected the appeal by AB Kauno grūdai against the Competition Council’s decision of 9 June 2017, whereby the company was fined EUR 947,700 for acquiring about 51 per cent of Vievio paukštynas shares and gaining control over the company, and thus implementing an unnotified merger.

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COMPETITION COUNCIL: RIMI FAILED TO IMPLEMENT MERGER REMEDIES
18 04 2018

The Competition Council reported that UAB Rimi Lietuva (RIMI) failed to implement merger remedies  which the authority approved as a condition when clearing the acquisition by RIMI of 100 per cent shareholding and sole control of UAB Palink ( PALINK ).

REVISED MERGER NOTIFICATION AND EXAMINATION PROCEDURE
11 01 2018

Having considered the amendments to the Law on Competition (Law), the Council revised merger notification and examination procedure, which takes into force from January 1, 2018.

TICKET DISTRIBUTORS FAILED TO SUSPEND MERGER CONTROL PROCEDURE
19 10 2017

The Supreme Administrative Court of Lithuania (Court) concluded that the company Baltic Ticket Holdings which acquired UAB Nacionalinis bilietų platintojas shall submit a merger filing to the Competition Council which started merger control proceedings on its own initiative.

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UAB SOSTENA RECEIVED MERGER CLEARANCE
19 09 2017

The Competition Council cleared the acquisition of 5,6 per cent (together with the currently owned shares –  25,6 per cent) of  UAB Balux shares and joint control by UAB SOSTENA together with UAB Lona .

NETHERLANDS-BASED THE IT CHANNEL COMPANY RECEIVED MERGER CLEARANCE
06 09 2017

On September 5 the Council cleared the acquisition of 23 per cent of UAB 1ClickFactory shares and joint control by the Netherlands-based The IT Channel Company from UAB Volternas and the Danish company Sfink Invest .

UAB AGROKONCERNO GRŪDAI RECEIVED MERGER CLEARANCE
01 09 2017

On August 30 the Competition Council cleared the acquisition of elevators located in Rokiškis and Kretinga by UAB Agrokoncerno grūdai .

UAB SPORTLAND LT RECEIVED MERGER CLEARANCE
25 07 2017

On July 25 the Competition Council cleared the acquisition of commercial real estate located at Gedimino pr. 20, Vilnius by UAB SPORTLAND LT

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COMPETITION COUNCIL FINED AB KAUNO GRŪDAI FOR UNNOTIFIED MERGER
13 06 2017

The Competition Council found that having acquired about 51 per cent of Vievio paukštynas shares and gained control over the company, Kauno grūdai implemented unnotified merger. For the infringement of the Law on Competition, the Council fined Kauno grūdai EUR 947,700.

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