International Internet Magazine. Baltic States news & analytics
Friday, 29.08.2014, 21:03
Competition Board approved the request from Apollo Kino OÜ, a cinema subsidiary of Apollo Group, for purchasing Solaris Kino OÜ from Solaris Property Partners, writes LETA/Postimees Online.
Keyword tags: Estonia, Legislation, Markets and Companies, Mergers and take-overs
EcoFleet Holding OÜ acquired its former distributor in Lithuania UAB Altas Informacinės Technologijos. EcoFleet's new Lithuanian unit will temporarily be led by Jaanus Truu, the director of EcoFleet's Estonian office.
The Competition Council in Latvia has received a merger report from Orkla and NP Foods, which will be reviewed within four months, reports LETA.
Norway-registered Orkla has purchased the company NP Foods and its subsidiaries Laima, Gutta, Staburadze, Staburadzes konditoreja and Margiris, the company informed the business portal Nozare.lv, cites LETA.
IT outsourcing company Stream Networks has acquired one of Latvia's first Internet companies, Latnet Serviss; after their merger, the joint company will be the second largest provider of telecommunications services in Latvia's corporate sector, according to an announcement released by the companies on Thursday, cites LETA/Nozare.lv.
The Ventspils company Ventamonjaks has been acquired by Despina Capital, a company where 55% of shares belong to the Cyprus-registered Uralchem Freight, a subsidiary of the Uralkhim company, and 45% to the Latvia-registered joint-stock company Halcyon Capital, informs LETA/Nozare.lv.
On Friday, Topsec Turvateenused OÜ, a subsidiary of Estonian retail trade group Tallinna Kaubamaja AS, signed a contract under which it will acquire 100% of the shares of Viking Security AS in September, Kaubamaja informed the Tallinn stock exchange.