International Internet Magazine. Baltic States news & analytics
Friday, 27.05.2016, 17:12
The infrastructure building group Leonhard Weiss has bought the Estonian builder of electrical networks AS Elwo via its subsidiary Leonhard Weiss Energy, the former Eesti Energia Vorguehitus, reports LETA/BNS.
Keyword tags: Energy, Estonia, Legislation, Mergers and take-overs
Latvian textile company Lauma Fabrics has acquired 50% of shares in Tele Textile Latvia, which makes geotextile, informs LETA.
Olainfarm pharmaceutical company has signed a loan agreement with ABLV Bank about a 10-year loan of EUR 14 million to finance the acquisition of 100% of shares in Tonus Elast producer of elastic medical appliances, Olainfarm said in a statement to the Nasdaq Riga stock exchange, informs LETA.
Vilniaus Prekyba, one of Lithuania's biggest business groups, has purchased the Akropolis shopping centers for more than 400 million euros, closing a deal that dragged on for over a year after being challenged in courts, reports LETA/BNS.
After the unfavorable court ruling, Finland's Viking Malt has given up plans of taking over Maltosa, a Svencioneliai-based malt company indirectly operated by businessman Vilius Kaikaris in Lithuania, and plans to pursue natural expansion, reports LETA/BNS.
Latvia’s AB Holding, owned by businessman Bislans Abdulmuslimovs, has acquired a 50% stake in innovative candied fruit producer RicBerry from the company’s owner, opera singer Ieva Viluma, LETA learned.
Latvian pharmaceutical company Olainfarm has acquired Tonus Elast medical goods producer, 50% of which belonged to former Saeima member Valerijs Kravcovs until February 2014, Olainfarm said in a statement to the press, cites LETA.