Provider: Wright Reports
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Linas Agro Group AB to Acquire Latvian Poultry Companies
Linas Agro Group AB announced that it signed agreements with Latvian private and legal persons on acquisition of 87% of shares in Latvian company AS Putnu fabrika Kekava, acquisition of 100% of shares in Latvian company SIA Broileks, acquisition of 100% of shares in Latvian company SIA Cerova and acquisition of 100% of shares in Latvian company SIA Lielzeltini. The transactions should be completed by December 2013, their completion is subject to certain conditions precedent, including obtaining of permission of the Competition Council of the Republic of Latvia. Linas Agro Group AB's financial advisors have been Porta Finance while legal advice has been provided by Raidla Lejins & Norcous. Linas Agro Group AB preliminary estimate is that it will spend EUR 12.5 million for the acquisition of shares of the Latvian companies. AS Putnu fabrika Kekava, SIA Broileks, SIA Cerova and SIA Lielzeltini are entities operating in poultry industry.
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