“Tesonet” company allowed to acquire the “Grand Hotel Vilnius” in the Old Town of the capital

"Tesonet" company allowed to acquire the "Grand Hotel Vilnius" in the Old Town of the capital

The Competition Council has allowed the Dutch company “Spectra,” related to the holding company “Tesonet Global,” to acquire 100% of the shares of the company managing the hotel and gain control over it.

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“The planned concentration will not create or strengthen a dominant position or severely restrict competition in the relevant markets,” the council reported.

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