International Internet Magazine. Baltic States news & analytics
Friday, 06.05.2016, 23:37
Austria's AMIC Energy Management has taken over the chain of filling stations in Lithuania operated by the Russian oil concern Lukoil, informs LETA/BNS.
Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Lithuania, Mergers and take-overs, Oil, Transport
Six Estonian state-owned companies of the transport and infrastructure sector are to be merged into a consortium, if the government approves a plan at the end of this month for a reform of state-owned companies drawn up by the Ministry of Economic Affairs and Communications, Postimees said.
Lithuania's agricultural investment group Linas Agro Group is buying a fertilizer trade business in Latvia. Linas Agro Group intends to purchase Paleo for nearly 4.6 million euros and take over a fertilizer trade business and trademark from Latfert, with the 4.59 million euro deal to be closed in October of 2017, reports LETA/BNS.
INVL Technology AB, an IT company listed on the Vilnius stock exchange, on Wednesday finalized the agreement on the purchase of the Estonian company AS Andmevara for 664,600 euros, informs LETA/BNS.
Telecommunications companies Latvijas Mobilais Telefons (LMT) and Lattelecom will continue operations as two separate entities, the government of Latvia decided on April 19th, informs LETA.
The dairy company Food Union from Latvia has signed an agreement on the purchase of Romania's second largest ice cream producer Alpin57Lux, thus continuing to expand its operations in Eastern Europe, the company informed LETA.
QLS AS, the only authorized dealer and distributor of Chevron Corporation TEXACO Lubricants in the Baltic States acquired 100 percent of stock of lubricant oil provider OIL TRADING Estonia. The united company plans to strengthen export and restore sales to maritime industries.