CC allows owner of “Apollo Kino” to buy OÜ “Forum Cinemas Latvia”* On June 3, the Competition Council (CC) adopted a decision to allow OÜ “MM Grupp”, a company registered in Estonia, representing several companies in Latvia, incl. Ltd. “Apollo Kino”, to acquire another company registered in Estonia, OÜ “Forum Cinemas Latvia”, which also operates in the film distribution and screening markets in Latvia. The CC concluded that the merger would significantly restrict competition in these specific markets. Therefore, to guarantee continued competition on the market, the merger was cleared subject to accepted remedies, with OÜ “MM Grupp” committing to divest the assets of its owned cinema
The Latvian Competition Authority approves the merger between two national film screening companies (Apollo Kino / Forum Cinemas Latvia)
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