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Friday, 06.06.2025, 11:35
Playtech sells holding in Plus500 for GBP 176 mln
Gambling-software company Playtech PLC, which runs a major development operation in Estonia, said Friday that it has sold its entire stake in online trading platform Plus500 Ltd for around 176 million pounds (EUR 196 mln), reported LETA/BNS.
Lithuanian-owned City Service expands into southern Spain
City Service, a property administration and maintenance group owned by Lithuania's Icor, is expanding into southern Spain, with its Grupo Aresi de Inversiones set to launch operations in the region of Malaga, reported LETA/BNS.
Lithuanians expect prices for solar modules to fall as EU lifts duties on Chinese imports
The Lithuanian solar energy industry forecasts that prices for the installation of solar modules and plants will decline after the European Union earlier this week ended its five-year-old restrictions on solar panel imports from China, informed LETA/BNS.
Lithuanian dairy company Zemaitijos Pienas sells 32% stake in Muizas Piens food wholesaler
Lithuanian dairy company Zemaitijos Pienas has sold a 32% stake in Latvia’s food wholesaler Muizas Piens, according to the Lithuanian company’s statement to Nasdaq Vilnius.
Lithuania's Maxima Grupe places EUR 300 mln bond
Maxima Grupe (Maxima Group), the largest retail group in the Baltics, on Thursday successfully placed its first 300-million-euro bond issue in international markets, informed LETA/BNS.
European Commission grants protection status to Rucava white butter
The European Commission has approved the inclusion of Rucava white butter, made in the Rucava area in western Latvia, in the EU scheme of Protected Geographical Indications (PGIs), LETA was told at the European Commission’s Representation in Latvia.
Tallink adds fashion brands Jack & Jones, Vero Moda to franchise portfolio
The listed Estonian shipper Tallink Grupp last week signed a franchise contract with Bestseller Finland OY with which the company acquired the franchise rights for fashion brands Jack & Jones and Vero Moda in Estonia, informs LETA/BNS.
Balta non-life insurer posts 3.2 mln euros in H1 profit
Latvia’s Balta non-life insurer, which is a member of Poland’s PZU Group, closed the first half of 2018 with 3.2 mln euros profit, up 1.21 mln euros from the respective period last year, informs LETA.
Poland's Paged buys Estonian veneer manufacturer Valmos
The Polish industrial and investment group Paged Group has purchased a 100% stake in Valmos, one of the largest producers of wood veneer in Estonia, informs LETA/BNS.
Shareholders replace Olainfarm pharmaceutical company's supervisory board
Shareholders of Latvia’s Olainfarm pharmaceutical company replaced the company’s supervisory board and elected lawyer Pavels Rebenoks as chairman of the new supervisory board, Irina Maligina, the guardian of the estate of late Valerijs Maligins, the former owner of Olainfarm, informs LETA.
Latvia’s Aldaris brewery plans to achieve 23% turnover growth this year
Latvia’s Aldaris brewery this year plans to achieve a 23% turnover growth, informs LETA referring to the company’s board member Sigita Ozola.
Tallink's August passenger numbers up 1.3%
The listed Estonian shipper Tallink Grupp carried 993,000 passengers in August, which marks an increase of 1.3% on year, informs LETA/BNS.
Development of Aidu wind farm can't go on legally – Estonian minister
By not fulfilling its coordinating obligation with regard to the Aidu wind farm, a large wind generating area in northeastern Estonia whose construction has been halted by a court, the Luganuse municipalty has created a situation where it is no longer possible to move forward with the development in a lawful manner and jeopardized the functionality of equipment vital for national defense, informs LETA/BNS referring to the Defense Minister Juri Luik.
Export of Orkla Foods Latvija grows 17% in eight months
Export of Orkla Foods Latvija, the owner of Spilva and Gutta brands, in the first eight months of 2018 has risen by 17% compared to the respective period last year, reaching 7 mln euros, informs LETA.
Government supports payment of 603,838 euros in compensation to ASF-stricken Druvas Unguri farm
Druvas Unguri pig farm, where all pigs had to be culled due to African swine fever (ASF), will be paid 603,838 euros compensation, informs LETA referring to the government’s decision.
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