International Internet Magazine. Baltic States news & analytics
Sunday, 22.01.2017, 05:39
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.
Keyword tags: Analytics, Latvia, Markets and Companies, Mergers and take-overs
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.
The number of mergers and acquisitions in Estonia has risen by a fourth over the year, the law firm Raidla Ellex said on Friday, writes LETA/BNS.
AS Hansabuss acquired 74 % majority holding in the Estonian bus transport company Samat AS, which provides passenger transport services on domestic public and commercial routes as well as charter services, BC informed Neeme Tammis member of the management board of Hansa Group.
Nokia confirms that the strategic agreement covering branding rights and intellectual property licensing with HMD Global Oy (HMD), originally announced on May 18, 2016 has come into force.