01
Thu, Oct
46 New Articles

TGS Baltic Helps Polish Fund Obtain Clearance for Merger with Morele.net.

TGS Baltic Helps Polish Fund Obtain Clearance for Merger with Morele.net.

Latvia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

TGS Baltic assisted Poland's MCI.PrivateVentures Fundusz Inwestycyjny Zamknięty and sub-fund MCI.TechVentures 1.0 obtain the permission of the Latvian Competition Council for its acquisition of sole control over Morele.net.Sp. z.o.o.

According to TGS Baltic, "one of the companies of the above fund is SIA Pigu Latvia that ensures retail trade of non-food products in the online store 220.lv. Morele.net Sp. z o.o. is engaged in retail trade through online stores in Poland and wholesale of non-food products in the European Union by supplying goods to business persons in Latvia. Thus, the merger participants in Latvia operate in vertically related markets – the wholesale market of electronic goods and the non-food retail market."

According to TGS Baltic, "after assessing the information provided by the companies ... the Competition Council concluded that the structure of the wholesale market of electronic goods and the non-food retail market in the territory of Latvia would not change, competition would not decrease, and no dominant position would be established or strengthened in either of the vertically related markets as the result of the merger. Therefore, the merger transaction should be permitted." Its formal authorization for the merger was issued on October 10, 2018.

The TGS Baltic team was led by Partner Andra Rubene and Senior Associate Mara Stabulniece, as well as supported by Legal Assistant Martins Galzons.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

Our Latest Issue