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Latvian and Estonian Competition authorities have allowed Linas Agro Group to acquire KG Group
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  • Latvian and Estonian Competition authorities have allowed Linas Agro Group to acquire KG Group

Latvian and Estonian Competition authorities have allowed Linas Agro Group to acquire KG Group

March 1, 2021

The Competition authorities of Latvia and Estonia have adopted resolutions allowing Linas Agro Group to implement the concentration and acquire the companies belonging to KG 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 2nd October 2020.

The decision of the Lithuanian Competition Council regarding the implementation of the concentration is still to be made. For the transaction to go ahead, it must also be approved by the competition authorities in Russia and Poland.

Please contact us at:

AB Linas Agro Group, ISIN code LT0000128092, ticker in AB Nasdaq Vilnius – LNA1L
Subačiaus St. 5, Vilnius, LT-01302 Lithuania. Phone +370 45 507 303, e-mail group@linasagro.lt  Privacy policy

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