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TGS Baltic Advises Lenoka on Competition Council Clearance for Retail Store Lease Acquisition

TGS Baltic Advises Lenoka on Competition Council Clearance for Retail Store Lease Acquisition

Latvia
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TGS Baltic has helped Lenoka obtain permission from the Competition Council to acquire the lease rights and open a Mego store at the Driksas 4 location in Jelgava – which was previously leased by Maxima Latvija.

According to TGS Baltic, Lenoka, which operates Mego, one of the "largest retail chains in Latvia, [...] received the merger clearance decision of the Competition Council allowing the acquisition of lease rights of the premises at Driksas iela 4, Jelgava, previously leased by Maxima Latvija, from Marno J."

"The transaction fell under merger clearance obligation, as Lenoka acquired assets – lease rights to the premises in the shopping center – previously leased by its competitor," TGS Baltic reported.

The TGS Baltic team included Partner Andra Rubene and Senior Associate Mara Stabulniece-Veldruma.

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