aA
Lithuania's Competition Council has cleared the acquisition of Silberauto, an importer and dealer of Mercedes-Benz cars in Lithuania and Estonia, by Finland's Veho, the council said on Thursday.
"Mercedes-Benz Citan"
"Mercedes-Benz Citan"
© Gamintojo archyvas

Earlier this month, the deal was approved by Estonia's Competition Authority. The transaction still needs approval from Mercedes-Benz's owner Daimler.

Upon completion of the transaction, Veho would own 100 percent of Silberauto and 100 percent of Silberauto Estonia and, via the latter, will indirectly own 100 percent of Silwi Autoehituse Aktsiaselts.

Lithuania's Silberauto sells Mercedes-Benz, Unimog and Mitsubishi Center Fuso vehicles. It posted 269 million euros in a record turnover last year, and its net profit stood at 1.881 million euros.

Silberauto Estonia is the sole owner of Lithuania's Silberauto.

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

Five cities may get another EUR 30 mln to buy electric buses

Lithuania's authorities are considering providing another 30 million euros in EU money to Vilnius,...

Top court finds restrictions on waste-to-energy plants unconstitutional

The 2018 amendments to Lithuania's Law on Waste Management that imposed a ban on building...

Lidl gives up plastic bags in Lithuania (1)

The German retail chan Lidl has given up plastic bags in Lithuania. Other major retailers say they...

Ukrainians coming to Lithuania to work should be better informed about working conditions

Ukrainians coming to Lithuania to work should be better informed about working conditions after...

Leading Swiss engineering consultancy plans to double its Vilnius team

Engineering consultancy CSD Engineers has announced plans to double the size of its team in Vilnius...

Top news

Five cities may get another EUR 30 mln to buy electric buses

Lithuania's authorities are considering providing another 30 million euros in EU money to Vilnius,...

Nauseda: relations with Japan improving, but some potential still untapped

Economic cooperation between Japan and Lithuania is improving, but there are untapped synergies in...

Lithuanian to open embassy in Australia

The Lithuanian government decided on Wednesday to establish the country's embassy in Australia .

Landsberis: responsible parties could form coalition after election

Gabrielius Landsberis, leader of the opposition conservative Homeland Union – Lithuanian Christian...

Lidl gives up plastic bags in Lithuania (1)

The German retail chan Lidl has given up plastic bags in Lithuania. Other major retailers say they...

|Maža didelių žinių kaina