EconomyPublished: 27 October 2026 at 14:10

Competition Council clears Estonian group's company to take over Food Union Management

Latvia's Competition Council has allowed SIA Hummuli, a company of an Estonian dairy farmers' group, to gain sole decisive influence over SIA Food Union Management.

Latvia's Competition Council (KP), the authority that oversees fair competition and reviews company mergers and acquisitions, has given permission to SIA Hummuli, a company belonging to an Estonian dairy farmers' group, to take control of SIA Food Union Management. The council itself announced the decision.

The clearance means Hummuli may acquire sole decisive influence over Food Union Management, that is, the ability to independently determine the other company's key decisions.

The source gives no further details on the terms or value of the deal, or on plans after the takeover.

Comments

Choose a username (stays yours for good):

0/1500

Comments are automatically moderated. No hate, threats, personal data or spam.

Loading comments…

More in this category

Economy

Planned Ventspils cement plant in line for up to €27.5 million EU Innovation Fund grant

A cement plant planned in Ventspils, Latvia, by Swedish company Cemvision could receive up to €27.5 million from the EU Innovation Fund. It would produce cement with over 90% lower CO₂ emissions than conventional production.

Jauns.lv · 49 min ago

Economy

Swedish firm Cemvision's cement plant project in Ventspils to receive up to €27.5 million from the EU

The Re-Ment project of Sweden's Cemvision, which plans a low-emission cement plant in Ventspils, has been selected for up to €27.5 million from the European Union's Innovation Fund. It is one of two Latvian projects chosen in the competition.

LSM (rus) · 49 min ago

Economy

EU Inc stalls: European Parliament committee fails to vote on single company form

The European Parliament's Legal Affairs Committee failed on 19 October to vote on its draft report on EU Inc, a proposed single EU company form. Trade unions warn of risks to workers, while startup founders say negotiations are watering down the core idea.

Euronews Business · 4 h ago