International Internet Magazine. Baltic States news & analytics
Thursday, 23.02.2017, 09:00
Sweden's ICA Gruppen, which operates Rimi Lietuva retail chain in Lithuania, will shortly submit the necessary documents to the Competition Council in connection to the intentions of buying another retailer Palink, the operator of Iki supermarkets, LETA/BNS said according to Verslo Zinios business daily information,
Keyword tags: Lithuania, Markets and Companies, Mergers and take-overs, Retail
Sorainen and Ellex groups uniting law offices in Lithuania last year ranked among leading law offices in Central and Eastern Europe in terms of the number of acquisition and merger they mediated.
With roughly 50 merger and acquisition deals announced in Latvia last year, the number of M&A deals in 2016 remained virtually unchanged from 2015, according to a report released by Murinus Advisers writes LETA.
The investment company BaltCap is set to acquire Baltic businesses of the vending and coffee services company Selecta. Baltcap Private Equity Fund II has entered into an agreement to purchase Baltic businesses of Selecta Group, BaltCap announced on Friday.
The shareholders of the Estonian manufacturers of industrial equipment E-Profiil and Technobalt have decided to merge the companies into an entity employing more than 500 people and having an annual revenue of over 50 mln euros, reports LETA/BNS.
he decision taken by Sweden's ICA Gruppen, the operator of Rimi Lietuva grocery retail chain in Lithuania, to buy the Iki retail chain for 213 million euros may benefit consumers, however, the value is rather low, analysts say. In their words, the relatively low price of the transaction shows that Iki lost the competition battle and has lost interest to its owners, writes LETA/BNS.