aA
France's payment solutions group Edenred has applied for regulatory approval to buy EBV Finance, a Lithuanian tax services provider that is indirectly controlled by two private individuals.
France's payment solutions group seeks to buy Lithuanian tax services provider
© DELFI / Mindaugas Ažušilis

The Lithuanian Competition Council has said it received on December 5 Edenred's request for clearance to indirectly purchase a 60 percent stake in EBV Finance via Areja, a Lithuanian company controlled by the group.

Edenred offers payment solutions through the group's companies worldwide. In Lithuania, it provides VAT and excise duty refund services via Denmark's Nikosax and fuel card services via Poland's UTA, according to the regulatory authority.

Nikosax operates in the same market as EBV Finance which provides VAT and excise duty refund services to transport companies in Lithuania and other European countries.

Based on data from the Center of Registers, Areja is owned by France's Edenred Fleet and Mobility, and EBV Finance is owned by EBV Group. The latter company's indirect shareholders are EBV Finance CEO Marius Svidinskas and another private individual.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Finance Minister singles out fairness of tax system as one of key objectives

Lithuania’s Finance Minister Gintare Skaiste stressed the importance of fairness of a tax system...

SIS detains Tete-A-Tete owner Kacas as part of corruption probe (1)

Officers of Lithuania's Special Investigation Service have detained Samoilas Kacas, owner of company...

EU minimum wages grew cautiously amid COVID-19 economic uncertainty

The economic uncertainty created by the COVID-19 pandemic slowed, but did not stop, overall minimum...

Economists warn of price hikes in Lithuania

As the prices for electricity and gas are set to go up as of July in Lithuania, economists are warning...

Minister: a US technology company Space X accepted our invitation to operate in Lithuania

Minister of Transport and Communications Marius Skuodis believes that the entry of Space X founded by...

Top news

Ministry asks for EUR 11.5 mln for protection of Belarusian border

Lithuania's Interior Ministry is asking for an additional allocation of 11.5 million euros for the...

Neopagans could reapply for recognition in three months’ time (1)

Lithuania's Romuva, an ancient Baltic religious community, will be able to reapply for state...

Finance Minister singles out fairness of tax system as one of key objectives

Lithuania’s Finance Minister Gintare Skaiste stressed the importance of fairness of a tax system...

Belarus student in Vilnius: living here expanded my horizons

Electronic Business Management student Tania Krauchauka from Gomel (Belarus) calls Vilnius an...

Neringa launches culture capital events (1)

On Friday, Neringa officially launched events as part of its Lithuanian Capital of Culture 2021...