According to the decision
(https://view.news.eu.nasdaq.com/view?id=b1c26d6836a8eaf1436f0e160e36c94f9&lang=
en) of the Lithuanian Competition Council of December 22, 2023, AS Ekspress
Grupp submitted a merger control notification to the Lithuanian Competition
Council in connection with the acquisition of UAB Lrytas. The Lithuanian
Competition Council started the merger control procedure on May 15, 2024.
At the end of 2022, AS Ekspress Grupp and the publisher of the largest
Lithuanian newspaper UAB "Lietuvos rytas" signed an agreement
(https://www.globenewswire.com/Tracker?data=oMDFZwKLb0WJBsbXOKk1n0Klff1EeZme0cK0
3uP34lzP6psHzp5KpzK29_kgFPsuNbpk9G1cMsP01l8c_BLr2HwCixrzdak1nPznUXegD_vM7mRlNU6F
XnkTOrqxpbUMkFBiomprshR0yXnL0V3AnZw7mNCDFCny1TvxV5VV-6w=) to acquire 100% shares
of UAB "Lrytas", a subsidiary that publishes the online news portal lrytas.lt.
Founded in 2006, lrytas.lt is a Lithuanian news portal that delivers news in
Lithuanian and English languages.
Additional information
Mari-Liis Rüütsalu
Chairman of the Management Board
+372 512 2591
mariliis.ryytsalu@egrupp.ee
AS Ekspress Grupp is the leading Baltic media group whose key activities include
web media content production, and publishing of newspapers, magazines and books.
The Group also operates an electronic ticket sales platform and ticket sales
offices and offers outdoor screen service in Estonia and Latvia. Ekspress Grupp
launched its operations in 1989 and employs almost 1100 people.
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