Competition Council approves Civinity and Sail Invest acquisition of Admeo

▤ Summary

Civinity and Sail Invest have received approval from Lithuania’s Competition Council to indirectly acquire 100% of Admeo through their jointly controlled SPV. The regulator found that the deal will not create or strengthen a dominant position or significantly restrict competition. Civinity says the transaction will help expand its residential building administration activities in Vilnius and improve how it organizes related processes. Admeo manages about 140 apartment buildings and commercial properties and employs 15 people. The companies will complete the transaction and issue a final announcement afterward.

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