International Internet Magazine. Baltic States news & analytics
Friday, 27.11.2015, 02:59
The Estonian media group Eesti Meedia is planning to acquire the company Ohk ja Paike OU which is partly owned by businessman Rain Rosimannus and which manages the music channel Seitse, informs LETA/BNS.
Keyword tags: Estonia, Legislation, Markets and Companies, Mergers and take-overs, Telecomunications
The Tallinn sock factory of the Finnish knitwear manufacturer Nanso Group has changed hands in a management buyout and will be renamed Reval Sock Company, LETA/Postimees Online reports.
The council of Tallinn has endorsed an order whereby the city government must come up by next summer with a plan to merge the city's two main hospitals into a new 700-bed entity called Tallinn Hospital, informs LETA/BNS.
Estonian security services businessman Mark Luts who has done business in Russia has signed an agreement according to which he is to buy the security services company USS Security AS from Urmas Soorumaa and Indrek Sepp, reports LETA/BNS.
US engineering giant GEneral Electric (GE) has purchased Norway's subsea intervention equipment and services provider Advantec, whose subsidiary operates on the Klaipeda Free Economic Zone (FEZ), the business daily Verslo Zinios reported on Monday, cites LETA/BNS.
Cognizant, a US provider of IT and consulting services, will become the largest single shareholder of the Lithuanian IT unit of Norway’s Storebrand, a leading player in the Nordic markets for pensions, life and health insurance, banking and asset management, informs LETA/BNS.
Senukai, the largest building and home improvement supplies chain in the Baltics, is taking over the management of K-Rauta stores in Latvia and Estonia from its shareholder, the Finnish Kesko group, informs LETA/BNS.