SIA Neste Latvija intends to acquire three fuel retail stations in Riga and one in each of Olaine and Vecumnieki from SIA Eskāda and SIA Space. On 22 August 2013 the Competition Council granted a merger clearance for the transaction.
SIA Neste Latvija is one of the largest fuel retailers in Latvia. The transaction is a part of SIA Neste Latvija strategy to expand its stations network and provide fuel and diesel to the consumers at a price lower than in the full service stations operated by competing networks.
COBALT Latvian office represented SIA Neste Latvia in obtaining the merger clearance