Estonia's Infortar agrees to buy 100% of Lithuanian agri group Litagra

CEE M&A Monitor

Agriculture Lithuania · Estonia Share purchase — notified 9 Sep 2026

Estonia's Infortar agrees to buy 100% of Lithuanian agri group Litagra

On 7 September 2026 OÜ Infortar Agro signed a share purchase agreement with UAB Cedus Invest and two individuals, Gintaras Kateiva and Adomas Grigaitis, to acquire 100% of UAB Litagra. The transaction was notified to Estonia's Competition Authority on 9 September 2026 and is awaiting clearance. Litagra is a Lithuanian holding company whose subsidiaries work in crop farming, dairy and poultry, and in the production and sale of animal feed; in Estonia it is present only marginally, through feed and feed additives. Infortar Agro already controls the dairy and crop farms OÜ Halinga and Estonia Farmid OÜ, along with biomethane producers. It belongs to AS Infortar, the Nasdaq Tallinn-listed investment company whose holdings include the listed ferry operator AS Tallink Grupp. The notification states the sellers' motive plainly: they wanted to exit their investment in Litagra, while Infortar saw a chance to extend its agricultural operations into other geographies. No price is given in the document.

Our take This is the shape of deal that Baltic owners should watch, because it is a clean exit executed by a strategic buyer from the next country over. Two things stand out. The sellers are a holding vehicle and two named individuals — the classic structure of a founder-built group that has reached the point where the next stage of growth needs someone else's balance sheet. And the buyer is not a fund: Infortar is a listed industrial holding whose agricultural arm already runs dairy and crop farms, so it is buying operations it knows how to run rather than a financial position to flip. For a Lithuanian owner in food or agriculture the practical lesson is that the deepest pocket in your sector may not be Lithuanian at all. Estonian, Latvian and Polish strategics have been the most active acquirers of Lithuanian mid-market companies for several years, and they tend to pay for operational fit rather than for a multiple on last year's EBITDA.

Source: Konkurentsiamet — koondumise lühikokkuvõte (PDF) →Konkurentsiamet — koondumise teated ja otsused →

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