On August 27, 2026, the Latvian competition authority (KP) approved SIA AMIC Latvia's acquisition of usage rights over AS VIADA Baltija's leased assets, which include fuel stations and the Olaines oil base.

SIA AMIC Latvia is a company registered in Latvia, primarily engaged in the leasing and management of real estate and other assets. It owns fuel stations and related assets, as well as the Olaines oil base, which it leases to AS VIADA Baltija.

AS VIADA Baltija operates in fuel retail, managing 102 fuel stations across Latvia. In addition to fuel, these stations offer snacks, hot beverages, essential goods, and other services related to fuel station operations.

Based on the merger report, the information available to KP, and the analysis conducted, the authority concluded that the activities of the merging parties do not overlap in Latvia and do not operate in vertically related markets. Therefore, the merger will not significantly alter market structure, reduce competition, or create or strengthen a dominant position in any of the markets where the merging parties operate.

To prevent significant reductions in competition resulting from mergers, transactions that meet the criteria set by competition law require the approval of the competition authority. This ensures state control over market concentration to avoid structural changes that could limit consumer choices or lead to non-competitive pricing for goods and services in the long term.