Mergers and take-overs

International Internet Magazine. Baltic States news & analytics Friday, 27.05.2016, 17:12

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Leonhard Weiss buys Estonian electrical installation co Elwo

Leonhard Weiss buys Estonian electrical installation co Elwo

26.05.2016

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



Lauma Fabrics buys 50% shares in Tele Textile Latvia

Lauma Fabrics buys 50% shares in Tele Textile Latvia

25.05.2016

Latvian textile company Lauma Fabrics has acquired 50% of shares in Tele Textile Latvia, which makes geotextile, informs LETA.

Olainfarm gets EUR 14 mln loan from ABLV Bank for the acquisition of Tonus Elast

Olainfarm gets EUR 14 mln loan from ABLV Bank for the acquisition of Tonus Elast

25.05.2016

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 buys Akropolis malls for over EUR 400 mln

Vilniaus Prekyba buys Akropolis malls for over EUR 400 mln

19.05.2016

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.

Viking Malt drops plans of buying Lithuania's Maltosa

Viking Malt drops plans of buying Lithuania's Maltosa

17.05.2016

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.

16.05.2016

Latvian AB Holding acquires 50% stake in RicBerry candied fruit producer

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.

12.05.2016

Olainfarm buys Tonus Elast medical goods maker for EUR 14 mln

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.

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