FAS Russia has allowed Linas Agro Group to implement concentration by acquiring KG Group

Russian Federal Antimonopoly Service (FAS Russia) has adopted on May 6 a resolution allowing Linas Agro Group to implement the concentration by acquiring the companies of KG Group operating in Russia.AB Linas Agro Group has already received permits from Latvian, Estonian and Polish competition authorities. The decision of the Lithuanian Competition Council on the implementation of the concentration is currently pending.

‘We had to obtain permission from the Russian competition authority because Vitomek, a company belonging to the KG Group, which produces feed additives for cattle and poultry, operates in the country’s feed market. The subsidiaries of Linas Agro Group produce feed for their own needs in Lithuania, while AB Linas Agro trades in feed feedstuff ,’ says Andrius Pranckevičius, Deputy Chairman of the Board of AB Linas Agro Group.

AB Linas Agro Group has signed share purchase agreements for acquisition of controlling stakes in AB Kauno Grūdai, AB Kaišiadorių Paukštynas, AB Vilniaus Paukštynas and related companies on 1st October 2020.