Lithuanian Competition Council terminates the investigation of the merger between two passenger transport companies in the Phase-II after parties abandoned the transaction (Toks / Kautra)

On the 2nd September 2014 the Lithuanian Competition Council (LCC) issued its decision to terminate the investigation of acquisition of a passenger transport company Toks by its largest competitor Kautra. The decision was passed on the last day of the Phase-II after Kautra decided to abandon its intentions to acquire Toks due to significant concerns raised by LCC during the investigation of the merger. The parties to the transaction were two main

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Giedre Padaigiene, Lithuanian Competition Council terminates the investigation of the merger between two passenger transport companies in the Phase-II after parties abandoned the transaction (Toks / Kautra), 2 September 2014, e-Competitions Bulletin September 2014, Art. N° 74708

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