International Internet Magazine. Baltic States news & analytics
Tuesday, 21.04.2015, 08:01
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.
Keyword tags: Estonia, EU – Baltic States, Legislation, Markets and Companies, Mergers and take-overs
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.
Estonian commercial television station TV3 bought Internet advertising company SmartAD, LETA/Äripäev.ee reports.
The Lawyer, one of the most influential European law publications, awarded “The law firm of the year: The Baltics 2015” to law firm Tark Grunte Sutkiene. The internationally recognised award was granted to Tark Grunte Sutkiene for successful participation in the major transactions in the region last year.
The number of mergers and acquisitions in the Baltic countries increased by 61% in 2014, reports LETA, referring to the "Prudentia M&A Folio" report.
OEG group company Olympic Casino Eesti AS has acquired business activity of operating two casinos from the Estonian casino operator Casino Cleopatra OÜ that increases the number of casinos OEG owns in Estonia to 20, OEG informed the Tallinn stock exchange, cites LETA.