Cobalt has helped AB Linas Agro Group with its application for approval by the Competition Council of Latvia for its acquisition of the Kauno Grudai group.
Linas Agro Group controls several full-cycle production and distribution companies operating in the field of chicken meat production. It owns the Latvian poultry farming and chicken meat production brand Kekava.
Kauno Grudai group operates in similar fields in Lithuania and Latvia. It is the largest chicken meat producer in Lithuania and is present in several other agricultural markets.
According to Cobalt, the merger of both groups will “increase their competitiveness and productivity, improve distribution and procurement, enable the introduction of more modern and efficient technologies, facilitate access to external funding, and will put them on a path to expansion outside the Baltic region.”
Cobalt’s team included Partner Ugis Zeltins and Senior Associate Ivo Maskalans.