Sorainen advised Nordea, the largest financial services group in northern Europe, on combining operations with DNB in Estonia, Latvia and Lithuania to create the leading main bank in the Baltics with strong Nordic roots. “Combining knowledge of the Baltic market, close cooperation with our customers and developments in digital banking, Nordea has over the years […]
Sorainen represented Mantinga, one of the largest manufacturers of frozen and chilled food products in Lithuania, in a case concerning an anti-competitive agreement between Mantinga and Maxima, the largest retail chain in Lithuania. In terms of scope, the case was one of the most complicated in the history of Lithuanian competition law. It was also […]
SORAINEN Estonia is assisting Betoonimeister, an Estonian company involved in manufacturing articles from concrete, cement and plaster, in its acquisition of TM Betoon, a ready-mix concrete provider based in Tartu, Estonia, as a going concern asset transaction. SORAINEN is advising the client throughout the process, from drafting transaction documents, conducting negotiations, obtaining merger clearance to […]
SORAINEN is assisting Rexel in selling its activities in the Baltics. With this divestment, along with simultaneous divestment of operations in Poland and Slovakia, announced on 20 January 2016, Rexel is continuing its disposal programme. Completion of the transaction remains subject to approval by the competition authorities. SORAINEN assisted in the Baltic tax structuring of […]
On 7 March 2016, after evaluating reports prepared by PricewaterhouseCoopers, the Lithuanian Competition Council (“Council”) confirmed that Polish insurance company PZU, which acquired 100 % of the shares in Lietuvos draudimas, had timely and properly fulfilled the merger conditions and obligations set by the Council on 9 March, 2014 when issuing a clearance decision for […]