TALLINN - Scandinavian companies have become notably less interested in taking over Baltic enterprises, show the findings of investment bank Evli and financial consultancy Mergemarket, reports bbn.ee.
“Historically, Scandinavian companies have been very actively buying companies in the Baltic countries, especially in Estonia, but now their share is declining,” said Toomas Prangli from law firm Sorainen, commenting the findings of the survey.
According to Prangli, one reason why Scandinavian capitalists are losing interest towards Estonian enterprises is that many of them have already made their acquisitions and are waiting for the future.
An interesting, or worrying, fact is that the interest of Russian companies to take over local enterprises has remained the same. As for the interest of Polish businesses towards investing in the Baltic market, it continues to increase. Polish companies normally take over Lithuanian enterprises and then expand their activities to Latvia and Lithuania.