International Internet Magazine. Baltic States news & analytics
Monday, 26.09.2016, 10:03
Civinity, a Lithuanian group that provides administration and maintenance services for households and other types of buildings, is expanding its operations in Latvia and plans to shortly purchase a Latvian building maintenance company, RBSSKALS Serviss, Verslo Zinios business daily said cites LETA/BNS.
Keyword tags: Baltic, Latvia, Lithuania, Mergers and take-overs, Real Estate
The Latvian Competition Council has allowed Austria's Vienna Insurance Group AG (Wiener Versicherung Grupp [VIG]) to take over Latvia's BTA Baltic Insurance Company (BTA Baltic), the competition watchdog informed LETA.
Estonian Peat Mill, a subsidiary of the construction and energy producing company KMG Inseneriehitus AS, bought the assets of the bankrupt peat harvesting company AS Sangla Turvas for 2.8 million euros at the beginning of June 2016 and intends to have the company resume operations and to make additional investments in it, informs LETA/BNS.
Circle K Eesti AS, which mainly operates filling stations under the Statoil trademark, has reached an agreement to purchase 23 filling stations of the 31 stations operated under the Premium 7 brand from Sevenoil Est OU and its affiliates, informs LETA/BNS.
Estonian state-owned energy company Eesti Energia is to merge the group's renewable energy production into one subsidiary, Enefit Taastuvenergia, and the change is part of the company's strategic action plan for the next five years, informs LETA/BNS.
Atria Eesti, Estonian operation of the listed Finnish food group Atria, is about to sell the Vastse-Kuuste meat processing plant in southeastern Estonia to the cooperative society Eesti Lihatoostuse Uhistu in a transaction financed by the Estonian Rural Development Foundation, reports LETA/BNS.
Umega, a Lithuanian-capital metal processing company, has purchased Walter Th. Hennecke German metal processor for an unnamed sum, informs LETA/BNS.