The Latvian competition authority, known as KP, has received a merger notification from INVL Private Equity Fund II (INVL PEF II) concerning its acquisition of decisive influence over UAB Nordian Group, Lietuvos ir Norvegijos uždaroji akcinė bendrovė 'NORVELITA', and UAB 'Saldoga'.

INVL PEF II is a private equity investment fund managed by UAB INVL Asset Management, which invests in various companies across the Baltic region and other parts of the European Economic Area. Its operations in Latvia include waste management, cosmetics production and sales, food products, and metal product manufacturing.

Norvelita and Saldoga are engaged in fish processing and the production of fish products, including smoked, salted, and marinated fish products under their own brands and private labels. Nordian Group is a wholesale holding company for fish and seafood, owning UAB 'Gonas' and UAB 'Baltijos Delikatesai'. Gonas specializes in the wholesale and processing of fresh and chilled fish, while Baltijos Delikatesai produces and sells processed and canned fish products.

The merger could potentially impact competition in the market for processed Atlantic salmon products, including their supply in Latvia. The merging parties also operate in several vertically related markets, including the initial and further processing of Atlantic salmon and other fish species, fish product processing, trading, and distribution markets, as well as fish processing services.

The KP must make a decision on the merger's approval, prohibition, or conditional approval within one month of receiving the merger notification. If a more in-depth investigation is required, the decision period may be extended up to three months from the notification date.

Market participants or other interested parties wishing to provide feedback on the merger's impact on competition are invited to contact KP's senior economist Andris Vītols or fill out the provided questionnaire by October 2, 2026.