Home > Regions > Europe > TARK GRUNTE SUTKIENE represents Audi dealers Moller group in receiving the Latvian Competition Council’s merger permit for merger with the leading Volkswagen dealers in Latvia

TARK GRUNTE SUTKIENE represents Audi dealers Moller group in receiving the Latvian Competition Council’s merger permit for merger with the leading Volkswagen dealers in Latvia

TARK GRUNTE SUTKIENE attorneys at law Andra Rubene and Linda Štrause represented Moller group in receiving the Latvian Competition Council’s (the Competition Council) merger permit to acquire decisive influence over the target companies SIA „Motors Latvia”, SIA „Venta Motors” and SIA „Miera Auto”. TARK GRUNTE SUTKIENE drafted and filed the merger notification and represented Moller group before the Competition Council during the merger clearance process.

On 11 November the Competition Council took a decision to permit the merger planned as acquisition of control by a Norwegian company Moller Auto Baltic AS over SIA „Motors Latvia” and SIA „Venta Motors”, as well as by a Norwegian company Moller Real Estate Baltic AS over SIA „Miera Auto”.

Both the acquirers Moller group companies and the target companies SIA „Motors Latvia”, SIA „Venta Motors” and SIA „Miera Auto” in Latvia, which currently belong to the German based Kittner group companies engage in new and used passenger car and commercial car retail, spare parts and accessories retail, vehicles (except busses and movers) repair and maintenance and real estate lease.

The Moller group companies import, export, wholesale, retail and carry out repair and maintenance services of Audi and Volkswagen branded cars, spare parts and accessories in Baltics, while the target companies currently belonging to the Kittner group, engage in retail of Volkswagen branded cars, spare parts and accessories in Latvia.

The Competition Council’s decision (in Latvian) is available at the Council’s web page, here:http://www.kp.gov.lv/uploaded_files/2011/A074_1111.pdf

More information about the permit for Moller group to acquire Volkswagen distributors can also be found here:http://www.tvnet.lv/auto/notikumi/401030-moller_grupai_lauj_iegadaties_vw_tirgotajus