Competition watchdog okays Narvesen to buy Caffeine Roasters
Two of the most familiar sights on the streets of Rīga are to join forces after the Competition Council, Latvia's competition watchdog, greenlighted a deal in which Reitan Convenience, the owner of the Narvesen kiosk chain, will buy the Caffeine Roasters chain of cafes, which operates in 60 locations across the Baltics.
Earlier, Reitan Convenience said that the purchase is part of a bid to secure its position in the European convenience store market.
Caffeine Roasters was established in Vilnius in 2007. Reitan Convenience operates in 531 locations in the Baltics under brands such as Narvesen, R-kiosk and Lietuvos Spauda.