Estonian investment group Infortar, which controls ferry operator Tallink and energy group Elenger, has completed its €63 million acquisition of Lithuania’s Litagra. The deal adds dairy farms, turkey and broiler production, animal-feed manufacturing and crop farming to an investment portfolio that already spans shipping, natural gas, property and renewable energy.

The transaction, agreed in September and completed on 29 October, gives Infortar full ownership of Litagra through its subsidiary Infortar Agro. The purchase price for the shares was €63 million, with an enterprise value of €95 million. Competition authorities in Estonia, Latvia and Lithuania approved the deal.

The sellers were Litagra’s founder Gintaras Kateiva, who held approximately 48.9%, Lithuanian investment group Invalda INVL, with an indirect 48.81% stake, and minority shareholder Adomas Grigaitis, with around 2.3%.

Invalda INVL invested in Litagra in 2011. Over the next 15 years, it worked with Kateiva and the company’s management to turn a grain trading and agricultural services business into an integrated producer of milk, poultry and animal feed.

From ferries and gas to agriculture

Infortar is a Tallinn-listed investment holding company whose major shareholders include Enn Pant, Ain Hanschmidt and Kalev Järvelill. Together, the three held approximately 73% of its shares as of March 2026.

The group operates in seven countries, with shipping, energy and real estate as its three main business areas. Its portfolio also includes construction, mineral resources and agricultural production.

Infortar’s principal holdings and agricultural acquisitions

Business	Infortar’s interest
Tallink Grupp	68.38% — passenger and freight shipping
Elenger Grupp	100% — natural gas supply and distribution, including Latvia’s Gaso
Real estate	Approximately 143,000 m² across the group’s property portfolio
Halinga, Estonia	51% — dairy farming, acquired in 2024
Estonia Farmid	96.6% — dairy farming and crop production, acquired in 2025

Agriculture has become an increasingly important investment area for Infortar. The group acquired a majority stake in Estonian dairy producer Halinga in 2024, followed by Estonia Farmid in 2025.

The expansion also links livestock farming to renewable energy. In June 2026, Infortar inaugurated a major biomethane plant at Halinga, designed to turn cattle manure and biological waste into renewable gas.

The Litagra deal takes this growing agricultural business into Lithuania, adding poultry farming and a substantial animal-feed operation to Infortar’s existing dairy interests.

What Infortar has bought in Lithuania

Established in 1991, Litagra has grown into a group of 34 companies involved in crop production, livestock farming and feed manufacturing.

In 2025, it generated consolidated revenue of €69 million and EBITDA of €14.5 million, with a workforce of almost 400.

Its main businesses include Litagros žemės ūkio centras, one of Lithuania’s largest dairy producers, and Joniškio grūdai, a major animal-feed manufacturer. The latter’s operations also include turkey and broiler farming through Sūduvos ūkis.

Litagra’s agricultural production

Production figures and capacities as reported by Litagra.

Business and activity	Production and capacity
Litagros žemės ūkio centras — dairy farming	8 farms; approximately 8,300 cattle, including young stock; 39,400 tonnes of raw milk annually
Crop farming	Approximately 10,400 hectares under cultivation
Joniškio grūdai — animal feed	69,000 tonnes of compound feed and pet food annually
Sūduvos ūkis — turkey farming	29 poultry houses across 6 sites; approximately 160,000 turkeys per cycle and 5,500 tonnes of turkey meat annually
Broiler production	10 poultry houses; capacity of approximately 360,000 birds per cycle and 6,100 tonnes of broilers raised and sold annually

The group also includes Agrohold Estonia OÜ, which manages approximately 3,500 hectares of agricultural land in Lithuania and leases it to Litagra’s farming businesses.

Litagra controls several stages of the food production chain. Its farms grow crops for sale and livestock feed, while Joniškio grūdai supplies animal feed both to the group’s own operations and to external customers.

Poultry farming is an entirely new business line for Infortar. Litagra describes Sūduvos ūkis as the largest turkey producer in the Baltic states, while its broiler facilities add another substantial source of meat production.

A new scale of Baltic agricultural production

Litagra is Infortar’s third major agricultural acquisition since 2024, following Halinga and Estonia Farmid.

Following the acquisition, Infortar’s agricultural businesses have a combined herd of approximately 16,600 cattle, annual milk production of 93,000 tonnes and 23,000 hectares of farmland under cultivation.

According to the companies involved in the transaction, this makes Infortar the largest milk producer in the Baltic states.

Infortar CEO Ain Hanschmidt sees milk production as a major economic opportunity for Estonia and Lithuania. He argues that expanding output could strengthen the Baltic region’s position in international markets.

The farming portfolio also complements Infortar’s renewable gas operations. However, the company has not announced specific plans to connect Litagra’s Lithuanian farms to its existing biomethane production network.

Latvia is already part of the business

Litagra’s main production facilities are in Lithuania, but its business already extends across the border into Latvia.

Joniškio grūdai supplies compound feed to Latvian customers, while Infortar is also active in Latvia’s raw milk market. The Estonian group has a well-established presence in the country’s energy sector through Gaso, Latvia’s natural gas distribution operator.

Latvia’s Competition Council examined the relationship between animal-feed supply and dairy farming before approving the acquisition on 22 October. It concluded that the deal would not significantly change the market structure, reduce competition or create a dominant position in Latvia.

Infortar is not the only Baltic investor expanding its agricultural interests across national borders.

Latvian egg producer Balticovo, already active in Lithuania through Lit Egg, is considering an investment of approximately €180 million in new poultry farms, egg processing and biomethane production. The project depends on regulatory approvals, and the company has not ruled out choosing a location outside Lithuania.

Balticovo focuses on egg production, while Litagra raises turkeys and broilers. The two companies therefore operate in different segments of the poultry industry.

Even so, these parallel investments point to a broader trend: Baltic agricultural businesses are increasingly expanding beyond their domestic markets, bringing farms, livestock production, feed manufacturing and energy assets under common ownership.

For Infortar, the Litagra acquisition is another major step in building a Baltic-wide food production business alongside its established shipping, gas and property operation