Lithuanian agricultural company UAB Litagra has come under the ownership of OÜ Infortar Agro, Infortar said Thursday, after competition authorities in Estonia, Latvia and Lithuania cleared the transaction.
The deal was negotiated on the basis of a €95 million company value. After agreed adjustments for debt, cash and other items, Infortar put the final price for the stake at €63 million.
Infortar announced the planned purchase on Sept. 8. The company operates in seven countries, with maritime transport, energy and real estate as its main business areas; it lists agriculture among its other activities.
