The Competition Council has allowed the Italian animal by-products collection company SAPI, together with the Lithuanian companies „Imlitex Holdings“ and „Duetra“ to indirectly acquire the company „Rietavas veterinarinė sanitarija“ and the Latvian fish waste processing company „Reneta“.

„The proposed concentration will not lead to the creation or strengthening of a dominant position or to a significant impediment of competition in the relevant markets“, – the Council informed.

After the acquisition of 100 % of shares in „Rietavas veterinarinės sanitarijos“ and „Reneta“, the special purpose vehicle „Cross financing company“ was acquired. 

In November, „Verslo žinios“ reported that the Italian group had acquired a 15% stake in each of these companies. 

The bankruptcy case against businessman Vidmantas Kučinskas' group „Arvi ir Ko“ formerly owned by the company „Rietavo veterinarinės sanitarija“ was opened in 2020, in 2021 some of its creditors tried to restructure the company, but the court did not grant this request and it was declared liquidated, but last October Klaipėda District Court closed the bankruptcy case and allowed the company to resume its activities after an amicable agreement with its creditors on the repayment of debts.

Italy's SAPI and its affiliates in the European Union and South America produce and sell Italian food products, oils, collect, handle and process animal and non-animal by-products, and provide leather dyeing, logistics, and other services. 

The companies affiliated with „Imlitex Holdings“ are engaged in the wholesale of agricultural raw materials, wholesale and retail of chemical raw materials, fuels and bio-fuels, equipment, other intermediate products, accounting, information technology, real estate management services. 

„Duetra“ provides business consulting services, and its related companies are engaged in the provision of accommodation and catering services, real estate lease activities in Marijampolė.

Authorisation is required for a company if the total revenue of its members in the last year exceeded EUR 20 million and the revenue of each of them exceeded EUR 2 million.