International Internet Magazine. Baltic States news & analytics
Wednesday, 04.03.2015, 20:47
Reorganisation of INVL Technology and BAIP Group was completed on 9 February 2015. INVL Technology was merged into BAIP Group, AB, the company said in a statement, cites LETA/ELTA.
Keyword tags: Investments, Lithuania, Mergers and take-overs, Technology
Further to its announcement on 19 December 2014, International Personal Finance plc (IPF or the “Company”), a leading international provider of consumer credit, today announces the completion of its acquisition of the entire issued and to be issued share capital of MCB Finance Group plc (MCB), a consumer finance company established in Finland, Estonia, Latvia, Lithuania and a pilot operation in Australia, for a total consideration of £23.8 million.
Gjensidige Forsikring ASA has on 2 February 2015 agreed to acquire 99.88% of the shares in PZU Lietuva from PZU SA for EUR 54 million. The acquisition is in line with Gjensidige’s strategy to grow in the Nordic region and the Baltics.
Estonian men's dress shirts and accessories producer Sangar bought the Swedish Oscar of Sweden company and brand, which is represented in the Nordic countries, the Netherlands, England, the US and Canada, Äripäev.ee/LETA reports.
Estonian publishing and media company AS Ekspress Grupp has decided to merge its publishing arm AS Eesti Ajalehed and online media company AS Delfi to one enterprise, the company informed Tallinn Stock Exchange, cites LETA.
At the end of the year 2014, on December 11, the Competition Council granted permission for acquisition of the NP Foods concern, which includes companies Gutta, NP Foods, Staburadze, Margiris, Detente, Laima, by the Norwegian group Orkla ASA.
Tele2 Eesti sold the e-mail service Mail.ee to Latvian web portal Inbox.lv; the company reported that the transaction price was in six digits, LETA/Postimees Online reports.