2015 April 21 16:13
Lithuanian company acquires Latvian tea producer Inteka
Elta EN
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The Kaunas-based tea and coffee wholesale trade company Gemaga has acquired Latvian tea producer Inteka, the holder of the popular Mozums trademark that controls around one-third of the Latvian market, as Vz.lt reported on Monday. The value of the deal has not been disclosed, but the Lithuanian portal indicates that the company's financial indexes have been declining for the past several years.