Mergers and take-overs

International Internet Magazine. Baltic States news & analytics Wednesday, 12.12.2018, 00:50

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Nordic business consultancy Miltton buys 95 pct of Estonian PR company JLP

Nordic business consultancy Miltton buys 95 pct of Estonian PR company JLP

06.12.2018

he group of Nordic business consultancies Miltton Group has acquired 95% of the shares in the Estonian communication consultancy JLP, reported LETA/BNS.

Keyword tags: Estonia, Good for Business, Markets and Companies, Mergers and take-overs



Barclays set to close its operations center in Lithuania, to lay off over 400 people

Barclays set to close its operations center in Lithuania, to lay off over 400 people

04.12.2018

British bank Barclays is closing its operations center in Lithuania, with plans to transfer around 460 jobs to HCL Technologies, a multinational technology company present in Vilnius since 2016, informed LETA/BNS.

Nordecon to acquire Alpstal's holding in Swedish subsidiary for own shares

Nordecon to acquire Alpstal's holding in Swedish subsidiary for own shares

30.11.2018

The listed Estonian construction group Nordecon has decided to acquire for own shares the 40% shareholding of Sven Lennart Alpstal's company Luksusjaht in Nordecon's Swedish subsidiary Swencn OU, reported LETA/BNS.


Infrastructure fund of First State buys 85 % of Estonian energy producer Utilitas

Infrastructure fund of First State buys 85 % of Estonian energy producer Utilitas

28.11.2018

The European Diversified Infrastructure Fund II SPSc (EDIF II), a dedicated long-term infrastructure fund managed by the Australian investment company First State Investments, has become a financial investor in Estonia’s largest district heating company OU Utilitas, whose majority shares belonged to Estonian businessman Kristjan Rahu, informed LETA/BNS.

Eleon to turn to court due to merger of Eesti Energia, Nelja Energia

Eleon to turn to court due to merger of Eesti Energia, Nelja Energia

16.11.2018

Eleon Grupp, an energy company owned by Andres and Oleg Sonajalg, is also planning to contest the decision of the Estonian Competition Authority to allow the merger of renewable energy producer Nelja Energia and state-held energy group Eesti Energia, as the company believes that the Competition Authority may have violated the law, reported LETA/BNS.


15.11.2018

Pigu-Morele merger: new company might be sold off – competitor

After Pigu, Lithuania's largest e-trade company, on Wednesday announced its merger with Poland's Morele, the CEO of its competitor, Varle, warns that the planned merger is aimed at preparing the new company to be sold off later, reported LETA/BNS.

13.11.2018

Bergvik Skog sells its forests, businesses in Latvia to Sweden's Sodra

Sweden’s Bergvik Skog has sold its forests and enterprises in Latvia to Swedish forestry cooperative Sodra, informs LETA referring to information available on the company’s website.

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