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

Maritime cluster has been founded in Lithuania

The business and educational organizations in Klaipeda are joining forces to develop the Lithuanian...

Public authorities getting closer to compromise on natl development bank

Lithuania’s public authorities are getting closer to a compromise on the establishment of a...

IMF: concentration of banking sector in Lithuania hasn’t restricted competition (1)

High concentration in Lithuania's banking sector has so far not resulted in a lack of competition in...

Sinkevicius: European recovery fund would not cut environmental funding

The European Commission 's proposed 750-billlion-euro economic recovery instrument will not reduce...

Lithuanian urban logistics platform raises €2.2M seed from Japanese backed VC

Ziticity , Lithuanian last-mile delivery service has closed a €2.2 million seed equity investment...

Top news

Survey: more Lithuanians view Belarus as unfriendly state (2)

The number of Lithuanian residents considering Belarus to be an unfriendly state is rising amid...

Public events sector slow to restart despite easing of audience restrictions

Even though the Lithuanian authorities have relaxed audience restrictions on cultural, entertainment,...

Maritime cluster has been founded in Lithuania

The business and educational organizations in Klaipeda are joining forces to develop the Lithuanian...

Public authorities getting closer to compromise on natl development bank

Lithuania’s public authorities are getting closer to a compromise on the establishment of a...

Belarus: fish kill in River Nemunas near Grodno triggered by natural and climatic causes

The die-off of fish and other aquatic organisms in the River Nemunas near Grodno in Belarus was...

|Maža didelių žinių kaina