The Latvian Competition Council has granted permission to Latraps agricultural co-operative to gain a controlling interest in Latvijas Piens dairy company, LETA was told at the council.
Upon assessing the takeover deal, the Competition Council concluded that it will not cripple competition in the market.
In March, Latraps increased its stake in Latvijas Piens to 73.286 per cent, gaining a controlling interest in the dairy company as a result, which it was obliged to report to the competition watchdog.
To further incr...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
