aA
Estonia's logistics company Via 3L has asked permission to acquire 100 percent in Lithuania's storage and logistics company Terminal LT owned by ME Investicija which also owns the Girteka transport group.
„Hegelmann“ plečia logistikos centrą – investavo 2,7 mln. eurų
„Hegelmann“ plečia logistikos centrą – investavo 2,7 mln. eurų
© Bendrovės archyvas

Lithuania's Competition Council confirmed to have received such a request on Monday.

Established in 2004, the Lithuanian company is being acquired by Via 3L Group providing the same services in Latvia and Estonia.

If approved by the Lithuanian competition watchdog, the transaction is set to be completed by January, 2020.

Edvardas Liachovicius, CEO and shareholder at ME Investicija, said in September the business was being sold to concentrate on the group's main activity and focus on the international transportation business.

ME Investicija posted 64.31 million euros in consolidated net profit last year, and its revenue stood at 903.2 million euros. Mindaugas Raila owns 90 percent of the company.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Lithuania and some other EU countries ask for Mobility Package postponement

Lithuania and "like-minded" EU member states are urging the bloc's bodies to postpone the...

Oro Navigacija sees further 50 pct drop in workload after Russia halts flights

The chief executive officer of Lithuania's state-owned air navigation service provider Oro...

Intersurgical to produce 1 million respirators for medics

Intersurgical, a Lithuanian designer, manufacturer and supplier of a wide range of high quality...

Top news

8th death in Lituania due to coronavirus

On Tuesday it was announced about another death of a patient with the novel coronavirus .

Coronavirus pandemic: 533 cases in Lithuania

On Tuesday, 30th March, 42 new COVID-19 cases were confirmed in Lithuania. In total there were 533 in...

27 severe coronavirus cases in country

Lithuania currently has 27 severe COVID-19 cases and the coronavirus outbreak has not yet peaked,...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

COVID-19 spread curve shows signs of flattening in Lithuania

There are signs that the coronavirus spread curve in Lithuania is flattening, Health Minister...

|Maža didelių žinių kaina