Attorneys at Law Borenius successfully represented the client MTG Broadcasting AB in drafting the necessary documentation for the acquisition of second largest commercial TV channel in Latvia – AS “Latvijas Neatkarīgā Televīzija” . We conducted LDD, assisted with drafting of the necessary documentation for 100% share purchase, and filed the merger notification to the Competition Council, resulting in a decision allowing the merger of the companies.
Since the merger is between direct horizontal competitors, Competition Council has defined binding commitments to prevent lessening of competition. Also Competition Council reserves the right in year 2017 to order to the merged companies in question to sell the acquired assets, in order to prevent the negative effects of the merger in the future.
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Competition Council has allowed the merger of MTG Broadcasting AB and AS „Latvijas Neatkarīgā Televīzija”
Attorneys at Law Borenius successfully represented the client MTG Broadcasting AB in drafting the necessary documentation for the acquisition of second largest commercial TV channel in Latvia – AS “Latvijas Neatkarīgā Televīzija” . We conducted LDD, assisted with drafting of the necessary documentation for 100% share purchase, and filed the merger notification to the Competition Council, resulting in a decision allowing the merger of the companies.
Since the merger is between direct horizontal competitors, Competition Council has defined binding commitments to prevent lessening of competition. Also Competition Council reserves the right in year 2017 to order to the merged companies in question to sell the acquired assets, in order to prevent the negative effects of the merger in the future.