Agriculture, EU – Baltic States, Good for Business, Lithuania, Markets and Companies, Mergers and take-overs

On 30 August 2018 Konkurencijos taryba received merger notification. Having evaluated the circumstances related to the transaction, Konkurencijos taryba acknowledged that the intended merger will not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.

In Lithuania undertakings related to the Danish investment company ASGAARD are mainly engaged in real estate development and management, as well as restaurant activities.

IDAVANG is a holding company registered in Denmark. Undertakings related to IDAVANG are breeding and selling pigs in Lithuania, Latvia, Poland and Hungary.

Farmers Circle is not conducting any business activities at the moment. In the future the company is going to engage in eco-farming – breeding and selling cattle (cows and bulls) and sheep, vegetables, fruits and quality products.

The intended merger must be notified to the Competition Council and clearance must be obtained if the combined aggregate income of merging parties in the business year preceding the merger exceeds EUR 20 mln and the aggregate income of each of at least two merging parties in the business year preceding the merger exceeds EUR 2 mln.