Article: Lithuania competition watchdog clears TeliaSonera takeover of TEO LT.

NORDIC BUSINESS REPORT-10 September 2009-Lithuania competition watchdog clears TeliaSonera takeover of TEO LT(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

10 September 2009 - Lithuania's competition council said today on its website it has approved the takeover bid of Swedish-Finnish telecoms major TeliaSonera AB (STO: TLSN) on all shares it does not already own in its Lithuanian subsidiary TEO LT AB (VSE: TEO1L).

On 24 August 2009, the Swedish-Finnish group offered LTL1.83 for each TEO LT share in cash, or LTL527m in total.

At present, TeliaSonera controls 60% of the capital and 62.94% of the votes in the Lithuanian subsidiary via ...

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