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
© 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“.

Lithuanian companies offered 40000 eur to transfer CERN technologies

Lithuanian Innovation Centre (LIC), together with Sunrise Valley Science and Technology Park and...

Survey: retail tax will raise prices and affect economy

The Lithuanian government's proposed tax on major retailers' turnover will inevitably raise prices...

Climate change impacts not only the environment: adds risk for financial markets

Climate risk can weigh on banks’ credit fundamentals in several ways. As a result, central banks...

Parliament committee backs raising corporate tax for banks to 20 pct

The Lithuanian parliamentary Committee on Budget and Finance has backed the proposal to increase the...

Turkish-capital fintech company established in Lithuania

Universal Payment Transfer , a Turkish -capital fintech company, has established a company in...