International Internet Magazine. Baltic States news & analytics
Wednesday, 29.03.2017, 12:03
Amber Beverage Group alcohol wholesaler has acquired the joint-stock company Interbaltija AG, Dana Hasana, a spokeswoman for Amber Beverage Group, told BC.
Keyword tags: Alcohol, Good for Business, Latvia, Markets and Companies, Mergers and take-overs
The Estonian Competition Authority has approved the transaction in which Elisa will acquire 100 percent of the shares in AS Starman from Polaris Invest and Com Holding, Elisa said in an announcement to the stock exchange Thursday.
A new report by Ellex and Mergermarket reveals that M&A deal volume in 2016 was up 24% on the previous year, reaching its highest point on Mergermarket record. And the outlook for 2017 remains similarly robust, in spite of a backdrop of broader regional turbulence caused by Brexit, continued economic contraction in Russia, and slow growth throughout the eurozone.
Sweden's ICA Gruppen, which operates Rimi Lietuva retail chain in Lithuania, will shortly submit the necessary documents to the Competition Council in connection to the intentions of buying another retailer Palink, the operator of Iki supermarkets, LETA/BNS said according to Verslo Zinios business daily information,
Sorainen and Ellex groups uniting law offices in Lithuania last year ranked among leading law offices in Central and Eastern Europe in terms of the number of acquisition and merger they mediated.
With roughly 50 merger and acquisition deals announced in Latvia last year, the number of M&A deals in 2016 remained virtually unchanged from 2015, according to a report released by Murinus Advisers writes LETA.