31.03.2025 | Latvian competition authority
Stena Line Scandinavia AB, a Swedish company engaged in passenger and freight ferry operations, is seeking to acquire a controlling interest in the Latvian freight transport company SIA 'BALTREISS'. This acquisition is significant as Stena Line already holds a 25% stake in Baltreiss.
Baltreiss specializes in various freight transport services, including international general cargo and industrial freight transport by road, Ro-Ro sea transport, cargo storage, stevedoring services, and customs clearance. The merger will create vertical links between the two companies, as Baltreiss utilizes Stena Line's ferry services.
The merger involves vertically related markets, specifically the road freight transport market, the maritime transport market, and the port terminal services market. The Latvian competition authority is tasked with deciding whether to approve the merger, approve it with conditions, or prohibit it within one month of receiving the notification.
If a more in-depth investigation is required, the decision-making period may be extended to three months. Market participants and other interested parties are encouraged to provide their opinions on the merger's impact on competition by April 11, 2025.
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