Olvi has acquired Estonian mineral water producer Värska Originaal after a court lifted a legal injunction that had put the deal on hold.
The Finland-based drinks major had announced the acquisition in September, noting the deal would "unlock new growth opportunities in export markets".
Although local competition authorities cleared the transaction in April, the "implementation" was halted due to a legal challenge by an unnamed "third party".
On Friday (19 June), Olvi said it has completed the purchase of 100% of Värska Originaal.
The path for the deal was cleared after the Tallinn Administrative Court and District Court ruled "there were no grounds to continue the interim legal protection", the Finnish company said.
The Finland-based drinks major had announced the acquisition in September, noting the deal would "unlock new growth opportunities in export markets".
Although local competition authorities cleared the transaction in April, the "implementation" was halted due to a legal challenge by an unnamed "third party".
On Friday (19 June), Olvi said it has completed the purchase of 100% of Värska Originaal.
The path for the deal was cleared after the Tallinn Administrative Court and District Court ruled "there were no grounds to continue the interim legal protection", the Finnish company said.
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