Estonia: Competition Authority okays Utilitas takeover of Tallinna Soojus

The Estonian Competition Authority (Konkurentsiamet) has approved a takeover of Tallinn’s municipal company, Tallinna Soojus, by private energy group Utilitas, ERR reports. Following the takeover, Tallinna Soojus and Utilitas will establish a new joint venture, Utilitas Tallinna Soojus, which will become the new parent company of Tallinna Soojus. Utilitas will own 66.66% and Tallinn municipality…

Read More

Latvia: KNAB searches Sigulda municipal council in criminal probe

Latvia’s Corruption Prevention and Combating Bureau (KNAB) has conducted a search at the Sigulda municipal council as part of ongoing criminal proceedings, LETA reports. Municipal spokespersons refused to disclose more details, however. According to sources, one municipal councillor and a local businessman were implicated in the criminal investigation. LTV reported that the investigation was looking…

Read More

Lithuania: Court upholds state’s EUR 240mn claim against Veolia

Lithuania’s Court of Appeal has upheld a ruling of the Vilnius Regional Court in the Energy Ministry’s case against French energy group Veolia, Baltic News Network reports. The court rejected appeals from Veolia, Vilniaus Energija, and Litesko against the Energy Ministry’s claim of EUR 240mn in compensation for damages caused to the state. The Court…

Read More