Thursday, April 16, 2026

Headlines

competition law

Nestlé will sell Pols ice cream and other popular ice cream brands

Food Union has agreed on the sale of its ice cream business. The new owner will be the international ice cream manufacturer Froneri, which is owned by Nestlé and PAI Partners. The value of the transaction has not been disclosed and must still be approved by the Competition Council. The proposed transaction will include only the ice cream business in Latvia which, after being separated from the dairy products business, will be established as a separate legal entity. It is planned that the transaction will be completed in the coming […]

While monitoring the heat energy procurement in Riga, the Competition Council deleted from the final report statements displeasing to Rīgas Siltums and Latvenergo

After monitoring the heat energy procurement market on the right bank of the Daugava in Riga for almost a year, the Competition Council (KP), as an independent authority, drafted a final report, which on 15 March 2024 was electronically signed by KP Council member Kārlis Piģēns and sent to all market participants and the institutions involved. However, the final report was published on the KP website only three months later, and many paragraphs were removed from it, […]

The infamously notorious “Siltumserviss Rīga” operators are also involved in the engineering communications builders’ cartel

In the engineering communications companies’ cartel, two groups of companies can be distinguished – those based in Riga and those based in Rēzekne – which mutually coordinated their activities in 33 procurement procedures, most of which were procurement tenders by various municipal property management authorities. In Riga, these companies are SIA Adapteris, SIA Alpex and SIA Infrakom, while in Rēzekne – SIA Siltumtehserviss and SIA Apkure IM, said the acting chair of the Competition Council at a press conference […]

New construction cartel uncovered: Illegal agreement links five companies

The Competition Council has adopted a decision establishing a cartel among five construction companies. In fines, the companies together will have to pay more than half a million euros. The Competition Council promises to reveal the names of the companies tomorrow – on 11 September – but for now it discloses that the illegal agreement has affected more than 30 procurements throughout the territory of Latvia. The Competition Council identified the first construction cartel in 2021. At that time […]

Indexo and DelfinGroup are allowed to merge: Both will benefit

The Competition Council has adopted a decision to allow the merger, with IPAS Indexo acquiring decisive influence over AS DelfinGroup. IPAS Indexo, which is the parent company of the Indexo financial services group, is currently preparing to make a voluntary share buyback offer to the shareholders of AS DelfinGroup with the aim of obtaining a majority in the company’s capital. In addition to the approval of the Competition Council, the making of the offer still requires the consent of Indexo’s shareholders and […]

Tax debtors will be allowed to participate in public procurements: To win, however, the debt will have to be paid

When reforming the public procurement system, the Ministry of Finance reviewed the conditions for excluding bidders and decided that, once the Saeima approves the drafted bill, tax debtors will also be allowed to participate in future procurements. However, in order to win a tender, the debt will still have to be paid off on the day the decision is made. At present, there are 12 mandatory criteria applied to bidders which, if not met, prevent a bidder from being admitted to the tender. According to the planned reform, there will now be […]