International Internet Magazine. Baltic States news & analytics
Saturday, 04.07.2015, 04:40
The Belgian producer of caulks, polyurethane foams and adhesives Soudal has acquired the Dobele construction chemicals producer Tenacham, according to a statement posted on the Belgian company's website, cites LETA.
Keyword tags: EU – Baltic States, Latvia, Legislation, Markets and Companies, Mergers and take-overs
OAO Lukoil via its asset management company Lukoil European Holdings BV and Estonian fuel company Olerex via the asset management company Aqua Marina AS, signed a sales-purchase agreement, according to which Olerex acquires 100% of Lukoil Eesti AS shares, LETA/Postimees Online reports.
Meridian Capital, the financial partner of the Latvian dairy and milk processing company Food Union, will acquire one of the largest dairy producers in Latvia Rigas piensaimnieks, in order to merge both companies, Food Union spokeswoman Linda Mezgaile informed LETA.
Swedish companies BillerudKorsnas AB and Baltic Resources AB have signed an agreement on acquisition of 100% stake in Latvian wood pellet producer Latgran by Estonian company Graanul Invest, the company's representatives informed LETA.
Estonia's largest debt collection company Julianus Grupp OÜ announced that it acquired OÜ Castovanni, a debt collection agency operating in Estonia and Latvia, whose growth they had carefully watched, Äripäev.ee/LETA reports.
The Lithuanian Gemaga’s acquisition deal for Latvia’s tea producer Inteka and its popular brand "Mozums”, could have an adverse affect on the quality of the tea, informs LETA.
The Kaunas-based tea and coffee wholesale trade company Gemaga has acquired Latvian tea producer Inteka, the holder of the popular "Mozums" trademark that controls around one-third of the Latvian market, as Vz.lt reported on Monday. The amount of the deal has not been disclosed, but the Lithuanian portal indicates that the company's financial indexes have been declining for the past several years, reports LETA.