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International Internet Magazine. Baltic States news & analytics Sunday, 05.07.2020, 09:54

Aggregate value of mergers and acquisitions in Baltic states reached EUR 1 bn

BC, Riga, 17.01.2020.Print version
The aggregate value of merger and acquisitions in the Baltic states last year reached EUR 1 bn, LETA learned from mergers and acquisitions consultancy Oaklin.

The company's latest report shows that 2019 had been challenging in the area of mergers and acquisitions in the Baltic states. More than 110 transactions were announced for a total value of EUR 1 bn.


The largest transaction was LHV Pank taking over Estonia's Danske Bank private lending structure.


In Latvia, activity of transactions was significantly lower than in Lithuania and Estonia with 12 transactions concluded in Latvia, 38 in Lithuania and 32 in Estonia. 


Oaklins partner in Latvia and Oaklins global executive committee representative Valerija Liege told LETA that one of the most significant transaction was sale of 96% stake in Smiltenes Piens to a private investor for over EUR 7 mln.


The company's experts expect that in the coming years investors' activity in the Baltic states will increase, attracting interest of Western European and US funds.


Oaklins is a global consultant of medium-size mergers and acquisitions with more than 800 specialists working in 40 countries of the world. 

 






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