“After the implementation of the focus, a dominant place can be created or strengthened, or competitors can be extraordinarily restricted in the marketplace for the manufacturing and sale of litter and caged hens’ eggs to commerce networks in Lithuania,” the council reported.
Within the transaction, the corporate would even have acquired the true property of the agricultural firm Nematekas, which is utilized by the Girele Poultry for this enterprise.
The council obtained the notification in regards to the transaction between “Lit Egg” and Girele Poultry in August 2023, however because the firm didn’t present all of the obligatory info, it was thought of obtained solely in January of this 12 months, when all the knowledge was offered.
The elements of the enterprise that Lit Egg wished to amass embrace manufacturing and sale of rooster eggs, gross sales of laying hens and their manure. After the transaction, Girele poultry farm would have continued different actions not associated to egg manufacturing.
“Lit Egg” beforehand mentioned that in 2023 it deliberate to develop manufacturing, purchase new tools for poultry farming, and enhance the quantity of eggs monthly to three.9 million. The corporate deliberate to develop regarding 140 thousand per 12 months. extra chickens.
Lit Egg 99.94% shares belong to Austrian MMG Immobilien Holding, the remaining to Latvian Stefa, Enterprise Finance and one Latvian citizen.
Based on the information submitted by the corporate to the Registry Heart, “Lit Egg” obtained 24.4 million in January-November 2023. EUR revenue – 3 %. greater than on the similar time in 2022 (23.6 million euros), its revenue fell by 42 %. as much as 1.8 million euros (3.1 million euros).
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2024-05-16 07:39:48
