We advised Giraitės ginkluotės gamykla, the largest military and civilian ammunition manufacturer in the Baltics, on entering into partnership with the German defence technology company Rheinmetall, the Lithuanian energy transmission and exchange group EPSO, and the state-owned company Valstybės investicinis kapitalas (State Investment Capital).
A shareholders’ agreement was concluded to regulate the acquisition of shares in Rheinmetall Defence Lietuva, which will build a plant manufacturing 155-mm artillery shells. Rheinmetall will hold 51% of the shares in the company, with 48% owned by EPSO-G Invest and 1% by Giraitės ginkluotės gamykla.
The plant near Baisogala is expected to start operations in two years period and, once completed, will be capable of producing tens of thousands of 155-mm-calibre artillery shells annually. According to the preliminary calculations, total investment in the facility may reach around EUR 260 million. The plant is expected to create at least 150 new direct jobs in the region.
Our team and services
Our team, including partner Evaldas Dūdonis, senior associate Marijus Dingilevskis, and associates Barbora Bernatonytė and Goda Jakubauskaitė, advised the client on all legal matters related to signing of the agreements.
