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.
