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Vilkyškių pieninė AB completed the transaction for the acquisition of 100% of the shares of Marijampolės pieno konservai UAB on 16 January 2026
Globenewswire· 2026-01-16 14:05
Group 1 - The Competition Council of Lithuania approved Vilkyškių pieninė AB's acquisition of 100% shares of Marijampolės pieno konservai UAB for a transaction value of 7.5 million euros, granting Vilkyškių pieninė sole control over the company [1][2] - Following the acquisition, VILVI Group has become one of the largest milk processing groups in the Baltics, with Marijampolės pieno konservai operating two factories that produce canned milk, butter, and various types of milk powder [2][3] - Marijampolės pieno konservai UAB has generated revenues of approximately 65 million euros in recent years, with planned revenues exceeding 100 million euros annually [4] Group 2 - The main activities of Marijampolės pieno konservai UAB will remain focused on producing canned milk and milk powder, with plans for systematic integration into VILVI Group to leverage economies of scale and operational synergies [3] - As of January 16, 2026, VILVI Group comprises several companies, including Vilkyškių pieninė AB, Modest AB, Kelmės pieninė AB, Kelmės pienas UAB, Pieno logistika AB, Baltic Dairy Board SIA, and Marijampolės pieno konservai UAB, employing approximately 1,400 employees [4]
Eli Lilly to set up manufacturing facility in Telangana
BusinessLine· 2025-09-19 14:58
Group 1 - Amazon has agreed to aggressively promote SME sellers on its platform for exports and products of women entrepreneurs [1] - Amazon will collaborate with the government to establish 100 relaxation centres for gig workers in Hyderabad, which will include facilities such as parking, mobile charging, resting areas, and nap spaces [1] Group 2 - Godrej announced plans to establish a new dairy processing plant for Jersey Cream products with an investment exceeding ₹200 crore [2] Group 3 - The Telangana State Government aims to make Hyderabad the first Net Zero City in India and is developing Bharat Future City over 30,000 acres, which will include nine zones such as AI City, health zone, and education zone [3] - The Chief Minister of Telangana met with New Jersey Governor Phil Murphy to discuss bilateral exchanges in software and technology, life sciences, urban transit, and movies [4] - The Chief Minister invited prominent educational institutions like NJIT, Princeton, and Rutgers to establish campuses in Hyderabad, offering full support for their expansion plans [4]