Acquiring Company
Akola Group
Acquired Company
SIA Elagro Trade
Vilnius
JelgavaFood and BeverageAgriculture and FarmingAgriculture and FarmingFarmingDescription
AB Akola Group, through its company SIA Linas Agro, has acquired 100% of the shares of SIA Elagro Trade, a Latvian company. The acquisition aims to strengthen AB Akola Group's position in Latvian grain exports, expand its grain intake capacity, warehouse space, and market share, and enhance its infrastructure for the agricultural service business.
Quick answer
Akola Group is acquiring SIA Elagro Trade, announced December 17, 2024. Akola Group is based in Vilnius, Vilnius County, Lithuania.
- How much did Akola Group pay for SIA Elagro Trade?
- The deal value was not disclosed.
- What does Akola Group do?
- AB Akola Group operates the largest group of agricultural and food production companies in the Baltic States, employing over 5,000 people.
- Where are Akola Group and SIA Elagro Trade based?
- Akola Group is based in Vilnius, Vilnius County, Lithuania. SIA Elagro Trade is based in Jelgava, Jelgavas, Latvia.
- Who are the decision-makers at Akola Group?
- Fundz holds 2 contacts at Akola Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired SIA Elagro Trade?
SIA Elagro Trade was acquired by Akola Group, based in Vilnius. The deal was reported on December 17, 2024. AB Akola Group operates the largest group of agricultural and food production companies in the Baltic States, employing over 5,000 people. Akola Group is privately held and operates in Food and Beverage.
When did Akola Group acquire SIA Elagro Trade?
Akola Group's acquisition of SIA Elagro Trade was reported on December 17, 2024. AB Akola Group, through its company SIA Linas Agro, has acquired 100% of the shares of SIA Elagro Trade, a Latvian company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does SIA Elagro Trade do?
Elagro Trade offers grain procurement, seed trade, mineral fertilizers, plant protection goods, and grain storage services. It is privately held, operating in Agriculture and Farming, and is based in Jelgava.
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