TGS Baltic assisted five companies on receiving a merger clearance

20.06.2020 TGS Baltic assisted five companies on receiving a merger clearance

TGS Baltic advised MG Baltic Investment, Extera Baltic, Trečioji kregždė, Gamaekspresas and 3K investicijos on receiving a merger clearance from the Competition Council of the Republic of Lithuania.

 

 The aim of the transaction is to develop Vilnius OUTLET shopping center in Pilaitė district, which construction The  is planned to be completed in March 2021.

After assessing the circumstances of the transaction, the Competition Council concluded that no dominant position would be created or strengthened and competition in the relevant markets would not be significantly restricted, thus a merger clearance was issued

Partner and head of Regulatory Law specialisation group Lauras Butkevičius, associate Julija Skardžiūtė and legal assistant Mykolas Tamulionis advised the companies during this process.