International Internet Magazine. Baltic States news & analytics
Sunday, 24.05.2015, 08:06
Swedish companies BillerudKorsnas AB and Baltic Resources AB have signed an agreement on acquisition of 100% stake in Latvian wood pellet producer Latgran by Estonian company Graanul Invest, the company's representatives informed LETA.
Keyword tags: Estonia, EU – Baltic States, Latvia, Legislation, Markets and Companies, Mergers and take-overs
Estonia's largest debt collection company Julianus Grupp OÜ announced that it acquired OÜ Castovanni, a debt collection agency operating in Estonia and Latvia, whose growth they had carefully watched, Äripäev.ee/LETA reports.
The Lithuanian Gemaga’s acquisition deal for Latvia’s tea producer Inteka and its popular brand "Mozums”, could have an adverse affect on the quality of the tea, informs LETA.
The Kaunas-based tea and coffee wholesale trade company Gemaga has acquired Latvian tea producer Inteka, the holder of the popular "Mozums" trademark that controls around one-third of the Latvian market, as Vz.lt reported on Monday. The amount of the deal has not been disclosed, but the Lithuanian portal indicates that the company's financial indexes have been declining for the past several years, reports LETA.
Finnish gardening goods wholesales company OY Schetelig Ab sold its business in the Baltic States to its Estonian competitor OÜ Selteret, LETA/Postimees Online reports.
In 2014, insurance undertakings registered in Lithuania, according to unaudited data, earned EUR 24.1 million (LTL 83.2 million) of profits, a year-on-year increase of 36%, writes LETA/ELTA.
The Estonian e-commerce and distance trade leader Hansapost has become the majority shareholder in the Latvian online store Xnet after acquiring 70.05% shares of the company, Xnet informed LETA.