Sorainen Lithuania represented the shareholders of Adnet media, the largest online advertising network in the Baltic States, in signing a share sale-purchase agreement with Ekspress Grupp, a leading media group in the Baltic States, where it holds such leading news portals as DELFI, alio.lt and others. Under the agreement Ekspress Grupp agreed to buy out the remaining 51% of the shares in Adnet media. After the closing (which is subject to merger clearance) Ekspress Grupp will become the sole shareholder in Adnet media.
The Sorainen team consisted of partner Algirdas Pekšys and counsel Liudas Ramanauskas.