Olvi has completed its acquisition of Värska Originaal, with its Estonian subsidiary A Le Coq acquiring 100% of the shares in the natural mineral water producer.

The transaction closed on 19 June 2026 and is effective for accounting purposes from the same date.

The deal was cleared by the Competition Authority in mid-April but was temporarily suspended due to interim legal protection requested by a third party.

Following legal proceedings, the Tallin Administrative Court and District Court ruled that there were no ground to continue the interim protection, allowing the acquisition to proceed.

Olvi first announced the planned acquisition in September 2025, saying the deal would support its strategy to expand its non-alcoholic beverage portfolio and pursue growth through acquisitions in Europe.

Olvi said the acquisition would increase production capacity and support growth in non-alcoholic beverage volumes. At the time the deal was announced, the group said the transaction could increase sales volume of non-alcoholic products by around 10%.

Värska Originaal, founded in 1993 with operational roots dating back to 1973, produces natural mineral water in Värska, southeastern Estonia. Its portfolio also includes flavoured and functional waters, with products exported to markets including Latvia, Lithuania, Finland, Sweden and Ireland.

The company employs around 70 people and recorded a production volume of 44 million litres in 2025.

Terms of the transaction were not disclosed.