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Company briefs

Oct 09, 2008

Ingka Beheer, a Dutch subsidiary of Sweden’s furniture giant Ikea, has applied to the Lithuanian Competition Council for permission to buy shares in the Lithuanian chipboard and furniture manufacturer Giriu Bizonas. Ingka Beheer is seeking regulatory approval to purchase up to 100 percent of shares in the company, which is now controlled by Vakaru Medienos Grupe (Western Timber Group, or VMG) and Vilniaus Baldai (Vilnius Furniture). Sigitas Paulauskas, one of the owners of VMG, which works solel ...

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