International Internet Magazine. Baltic States news & analytics
Saturday, 13.02.2016, 14:53
The chief analyst at SEB Bankas says that Lithuanian dairy producers could be interested in Tere's brands and its market share, adding that the production capacity of the Estonian company, which is teetering on the brink of bankruptcy, is less interesting because of Russia's ban on EU food imports, informs LETA.
Keyword tags: Estonia, Legislation, Lithuania, Markets and Companies, Mergers and take-overs
In the fourth quarter of 2015, 13 merger and acquisition (M&A) transactions worth at least 5 million U.S. dollars were carried out in the Baltic countries, it appears from figures available from the analysis company Mergermarket, cites LETA/BNS.
The Lithuanian Competition Council has issued the green light for Italy’s textile manufacturer Marzotto, which controls two companies in Lithuania’s second biggest city, to obtain full control of another Kaunas-based company – Lithuania’s wool yarn manufacturer Lietvilna, reports LETA/BNS.
The wholesaler Wurth Group has said it set to buy the electrical supplies wholesaler Elektroskandia Baltics and merge it with the company Talger-Elektrotehnika to improve its market position in Estonia and offer better prices, reports LETA/BNS.
Earlier this week, Latvian pharmaceutical company joint-stock Olainfarm purchased 100% shares in Latvian organic cosmetic producer Kiwi Cosmetics, Olainfarm spokeswoman Sigita Lapsina informed LETA.
Creditinfo, the Icelandic-owned operator of a chain of credit bureaus, has entered the last of three Baltic countries through acquisition of Estonia’s Krediidiinfo at a higher-than-market price and plans to harmonize the services provided in all three countries, the Verslo Zinios business daily reports on January 20th, cites LETA/BNS.
Latvian IT company Digital Mind has acquired a part of Estonia's largest IT company Nortal and has started operations in the Estonian market, said Digital Mind marketing head Janis Polis, cites LETA.